I posed this question in the mortgage forum yesterday but it doesn't appear like anyone has an answer so I thought I might try here to see if anyone has been through anything like this before.
My ex and I have a joint VA Home Loan. In the terms of our divorce he is retaining the property. We are doing an assumption of the loan using a special program that Wells Fargo uses for the VA Home loans to get my name off of the loan. Once the loan is fully in his name, how will this loan report to the CRAs for me? Will it report as paid/closed? Or will it report at all since he's not doing a refinance?
The main reason I ask is that he got a 30-day late on the loan at the end of last year and I was curious to know if this would possibly (hopefully) come off of my report.
