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Response to Reposetion ex wife

from Too scared to say (iwasduped@yahoo.com)
Hi Kevin..I assume you took over the mortgage on your property by way of transfer of equity from your wife to you - i.e. she was fully and completely removed from the deeds, the mortgage etc? You and your ex wife would have had papers which confirmed that she was no longer a party to the mortgage or had any claim on the property. If this is the case, she is not going to be liable for any shortfall as a result of the repo.

Secondly, yes, in theory, you should have be notified of the sale and notices should have been posted both on the property and in newspapers if the Lender didn't know where you were. However, by reading this site you will find that this doesn't happen in many repo cases (mine included) but is outrageously ignored by the Courts as an inconsequential technicality - error by omission almost (disgusting imho). Hope you can get it all sorted, particularly since you appear to have been most honourable where your ex wife and your children are concerned. Nice to see for a change!

(posted 8315 days ago)

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