lessashare
Junior Member
What is the name of your state (only U.S. law)? PA
When married, my husband and I purchased a house back in 1996. Then the divorce came. In order for my ex (was my husband at the time) to grant me a divorce back in 2000in Pennsylvania; I was forced to sign off on his business, all of his assets and sign a quit claim deed for our house or he wouldn't divorce me. Yes, it was stupid but given the situation, it was my only way out.
The house was in my name first because my ex-husband had severe credit problems. The house pmt was approx $400 a month.
Everything was good for the first several years, he made the pmts on time. Now I see its affecting my credit as the pmts are now $834 and he is continuously 60 days late. The problem I have is this. I understand I forfeited my rights to the property... but when the terms of the "original" loan changed, and he gets a 2nd mortgage or whatever he did to make the pmts increase... Wouldn't he have had to have my signature? Am I still responsible? Is there anything I can do as this is now affecting my credit?
Thank you in advance.
When married, my husband and I purchased a house back in 1996. Then the divorce came. In order for my ex (was my husband at the time) to grant me a divorce back in 2000in Pennsylvania; I was forced to sign off on his business, all of his assets and sign a quit claim deed for our house or he wouldn't divorce me. Yes, it was stupid but given the situation, it was my only way out.
The house was in my name first because my ex-husband had severe credit problems. The house pmt was approx $400 a month.
Everything was good for the first several years, he made the pmts on time. Now I see its affecting my credit as the pmts are now $834 and he is continuously 60 days late. The problem I have is this. I understand I forfeited my rights to the property... but when the terms of the "original" loan changed, and he gets a 2nd mortgage or whatever he did to make the pmts increase... Wouldn't he have had to have my signature? Am I still responsible? Is there anything I can do as this is now affecting my credit?
Thank you in advance.