I'm pretty sure that I've read that a divorce decree means nothing to creditors. I suppose you would need to have some sort of legal removal of your name from the mortgage to keep this from happening.
I've read about this so many times! Why on earth don't family court judges make sure that this is dealt with cleanly at the time?
I've read about this so many times! Why on earth don't family court judges make sure that this is dealt with cleanly at the time?
Indeed, it shows like this on her TC:
There is no PR, but is there normally?
There is no PR, but is there normally?
@haulingthescoreup wrote:
I'm pretty sure that I've read that a divorce decree means nothing to creditors. I suppose you would need to have some sort of legal removal of your name from the mortgage to keep this from happening.
I've read about this so many times! Why on earth don't family court judges make sure that this is dealt with cleanly at the time?
We saw the lates start to happen, but I wasn't on here, and I didn't know what I know now. We hired a lawyer, but they told us the wrong things. However Wells Fargo didn't even want our money (We offered to catch up the mortgage and move into the house, but they wouldn't let us).
However, we were able to buy a new house this year, I think partially because the FR isn't really reported on her CRs.
haulingthescoreup wrote:
I'm pretty sure that I've read that a divorce decree means nothing to creditors. I suppose you would need to have some sort of legal removal of your name from the mortgage to keep this from happening.
I've read about this so many times! Why on earth don't family court judges make sure that this is dealt with cleanly at the time?
Correct.
A friend used a VERY expensive and VERY prominent lawyer for her long-running divorce. He never even pulled her CRs. I nagged her until she got them and I 'splained them. There was some very interesting information that was directly relevant to her case. I couldn't believe it wasn't part of the lawyer's MO to look at CRs.
@haulingthescoreup wrote:
I'm pretty sure that I've read that a divorce decree means nothing to creditors. I suppose you would need to have some sort of legal removal of your name from the mortgage to keep this from happening.
I've read about this so many times! Why on earth don't family court judges make sure that this is dealt with cleanly at the time?
True. A divorce decree doesn't mean doodly-squat to a creditor. HOWEVER, if it's in the divorce decree, she can go to the judge (take the doofus to court) and sue him. She can garnish his wages to pay it off, if need be. (some states allow this, some don't)
If it's derogatory enough or if he did it maliciously, I would!!!!
Family courts DO deal with this cleanly ... the problem is when the injured spouse either doesn't realize it's happening or doesn't have the $$ to go back to court and enforce the orders.
Message Edited by Wonderin on 06-04-2008 07:47 AM