Dave Ramsey explains a difficult mortgage situation when an ex wife stops paying on a joint mortgage. We have see a lot of situations like this and we always advise to definitely not sign over the deed without the mortgage being refinanced out of your name. Unfortunately, this doesn’t always happen, and the party that is responsible to refinance the loan per the divorce decree may not have the income or credit required to make this happen. Your first step is to contact a qualified mortgage lender to see what should be done next. If you have a home that needs refinanced due to a divorce situation, CLICK HERE to see if we can help.
Nathan Soliday, NMLS #166402
Success Mortgage Partners, NMLS #130562
190 W Becks Mill Road, Suite K
Salem, IN 47167
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