Chrysalis Dawn
New Member
- Jurisdiction
- Ohio
Here is the scenario for the state of Ohio:
- Husband owns a home and the mortgage, title, etc, are only in his name.
- Husband borrows money against the house fhhor a loan so now there is a lien on the home.
- Husband divorces wife. On the divorce decree, the wife is supposed to get the home.
- The now ex-husband never signs the deed over to the ex-wife so everything is still in his name.
- The ex-wife has no interest in the home.
- The mortgage company goes after both the ex-husband and the ex-wife even though the mortgage is under his name.
- The company states the home cannot be sold due to the existing lien on the property.
- The company states they will foreclose on the home but they won't come after both parties to repay the loan. It will still affect both individual's credit score greatly.
Question: Is there a reason why the wife has to be part of the foreclosure as her name isn't on any of the mortgage documentation.
- Husband owns a home and the mortgage, title, etc, are only in his name.
- Husband borrows money against the house fhhor a loan so now there is a lien on the home.
- Husband divorces wife. On the divorce decree, the wife is supposed to get the home.
- The now ex-husband never signs the deed over to the ex-wife so everything is still in his name.
- The ex-wife has no interest in the home.
- The mortgage company goes after both the ex-husband and the ex-wife even though the mortgage is under his name.
- The company states the home cannot be sold due to the existing lien on the property.
- The company states they will foreclose on the home but they won't come after both parties to repay the loan. It will still affect both individual's credit score greatly.
Question: Is there a reason why the wife has to be part of the foreclosure as her name isn't on any of the mortgage documentation.