I am divorcing, my husband is not paying our mortgages. How can I perserve my credit? I can't afford it adjectives.?
Answers:
Speak to your solicitor? They may advise you to contact your mortgage company to agree to them know what is going on. It's important for you to get some proper warning as it may depend on who's name the house is in (i.e. the deeds) and who's baptize the mortgage is in (who can the company demand expenditure from?).
Hopefully there will be some way to draw from your husband to contribute or the mortgage company may be sympathetic.
Unfortunately most mortgage companies will help you, postpone payments or lower them IF you qualify. That is a big IF. But they will do nought to preserve your credit. If you're 30 days late, that's it, it goes towards your credit rack up.
If you're in the process of divorce and he's stopped paying, you'll needt o notify the judge. All debts & assets are split justly (or 50/50 if you're in a community property state) during divorce. That means he's newly as responsible for the debt as you are. It will negatively affect his credit as well, but you should not be stuck with paying it adjectives. If you don't address this with the court/judge, you will get stuck near it all. Source(s): http://document-do-it-yourself-service.c…
Think about getting a roommate.
There are many factors contained by this. My ex husband promised he was going to make sure the mortgage be paid when we were divorcing too, merely for me to find out that he wasn't.
First off ... are you selling the house? Is he supposed to be buying you out of the house?
Next ... call your mortgage company and explain to them the situation. Believe it or not most companies will work next to you and your situation.
you gotta talk to your lawyer, I don't muse you're going to be able to do it though.
It really sucks because they can totally screw you over
Why are you asking this here?
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