What is the name of your state (only U.S. law)? Colorado.
I have a friend who divorced her husband a year ago. He lives in CA and she lives in a house they bought together two years ago in Colorado. The house payments are current and she makes the house payments. Her credit is great and his credit is ok. The condo was purchased for $225K and the last valuation of the property was $175 so they are way under what they owe.
He wants to force a "short-sale" on her, and he can (they are both co-borrowers on the mortgage). Does she have any legal means or options to stop the short-sale besides attempting to get a new loan or refinance from the lender? She has solid credit, but no financial means to obtain a new loan/refi... although she can and does pay the mortgage successfully each month.
Why the ex-husband wants to do this is not understood other than to damage her post divorce.
I have a friend who divorced her husband a year ago. He lives in CA and she lives in a house they bought together two years ago in Colorado. The house payments are current and she makes the house payments. Her credit is great and his credit is ok. The condo was purchased for $225K and the last valuation of the property was $175 so they are way under what they owe.
He wants to force a "short-sale" on her, and he can (they are both co-borrowers on the mortgage). Does she have any legal means or options to stop the short-sale besides attempting to get a new loan or refinance from the lender? She has solid credit, but no financial means to obtain a new loan/refi... although she can and does pay the mortgage successfully each month.
Why the ex-husband wants to do this is not understood other than to damage her post divorce.