evenflow321
Junior Member
What is the name of your state (only U.S. law)? CA
In the divorce with my wife last year she received our condo in the settlement to which I signed a quite claim on the deed over to her. She has now decided that she no longer wants to live in the area but the condo is 70k under water. She is going to foreclose on the condo instead of dealing with the debt even though she has enough assets to keep the condo, even pay the whole thing off (she received a sizable inheritance).
Im being told that just because I signed a quit claim on the condo it does not release me from the financial responsibility. I can not afford to pay the mortgage on the condo. I make much less than my ex-wife does and I have almost no savings, I can not pay the mortgage to try and save my credit.
I feel stuck, I cant afford the place on my own, she refuses to help, and my credit is going to be ruined because of her irresponsibility. Is there anything I can do!?
In the divorce with my wife last year she received our condo in the settlement to which I signed a quite claim on the deed over to her. She has now decided that she no longer wants to live in the area but the condo is 70k under water. She is going to foreclose on the condo instead of dealing with the debt even though she has enough assets to keep the condo, even pay the whole thing off (she received a sizable inheritance).
Im being told that just because I signed a quit claim on the condo it does not release me from the financial responsibility. I can not afford to pay the mortgage on the condo. I make much less than my ex-wife does and I have almost no savings, I can not pay the mortgage to try and save my credit.
I feel stuck, I cant afford the place on my own, she refuses to help, and my credit is going to be ruined because of her irresponsibility. Is there anything I can do!?