foreclosures

[debbiejenkins]

My husband and his ex were divoreced back in 1978. In the
divorce she wanted to keep the house and my husband agreed that she could. On occasion she would get behind on payments (once every three or four years) and we would receive papers that were notice of foreclosure. However she would always go down and get caught up, she had a good job-worked for the Post Office. In March we received some of these papaers and my husband assumed that she had every thing straightened out, as we heard nothing else about it.My
husband atnd his ex, do not communicate and he has had nothing to do with the house in thirty years! Today, we found out that the house was foreclosed on, and this is on our credit report as well. Is there anything we can do to have this taken off of our credit report? As I said, my husband has had nothing to do with this place since thier divorce! Please respond ASAP!

 

[SCREWCREDIT]

At the time of purchase, I'm assuming either he did solo or they both jointly applied for the mortgage on the home.

Either way, he was legally responsible for the debt. Through the divorce, if the judgement included her receiving the house there may be recourse to have the debt removed from his credit file as the judgement clearly states the house is hers releasing responsibility from him.

If theres nothing in the judgement about the home then just because hes verbally stated "You can have the house" that in no way no how relieves him of financial responsibility. If this is the case he's stuck with the consequences of the delinquent account.

Otherwise, if there is a judgement granting her the home he would probably need to supply that in a letter to not only the lender but also the credit bureaus. It may take some time, 30-90 days but it would be removed with proper documentation.