Real Estate

What is the name of your state? California

I am divorced. He gave me the house (interspousal transfer deed), his name remained on the loan. It went into foreclosure status, but I sold it first.

Did he need to sign anything? Did me and my realtor commit some sort of fraud? There was money back after paying off his loan, but I got the money. The title company arranged for it to come to me. I know where he lives, address and all, but I did not tell him of the situation.

His credit is tainted due to the foreclosure status. Am I obgligated to inform him. Is my realtor?, the title company?

[HomeGuru]

[quote]Originally posted by angiet
[b]What is the name of your state? California

I am divorced. He gave me the house (interspousal transfer deed), his name remained on the loan. It went into foreclosure status, but I sold it first.

Did he need to sign anything? Did me and my realtor commit some sort of fraud? There was money back after paying off his loan, but I got the money. The title company arranged for it to come to me. I know where he lives, address and all, but I did not tell him of the situation.

His credit is tainted due to the foreclosure status. Am I obgligated to inform him. Is my realtor?, the title company?

**A: if you had sole title to the property at the time of sale and there were no other agreements that he share in any equity or profit, the money is yours and you were under no obligation to communicate with him with respect to the property.

The final divorce decree states that I am responsible for the payments on the loan, insurance, property taxes. I failed to do this, so am I not in contempt of this court order. It does not mention selling of the house. Could he argue that it would have been morally correct or ethical for me to inform him of this foreclosure status since his credit is not ruined.

[HomeGuru]

[quote]Originally posted by angiet
[b]The final divorce decree states that I am responsible for the payments on the loan, insurance, property taxes. I failed to do this, so am I not in contempt of this court order.

**A: yes.
**********
It does not mention selling of the house. Could he argue that it would have been morally correct or ethical for me to inform him of this foreclosure status since his credit is not ruined.

**A: yes. In my first post, I implied that you were under no obligation to communicate with him regarding the sale of the property. You should have advised him with respect to defaulting on your loan payments and anything that affected his credit.