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ALSO THE HOME HAS A EQUITY LINE OF CREDIT AGAINST IT THAT I AM STILL PAYING THE INTEREST ON AND WILL HAVE TO DO SO UNTIL AUGUST 2014. I HAVE SIGNED OVER ALL RIGHTS TO THE HOME AND WOULD LIKE MY NAME TAKEN OFF OF THE HOME EQUITY LINEAND EVEN THOUGH THE LINE HAS BEEN FROZEN IT DOES HAMPER MY CREDIT RATING. THE AGREEMENT STATES THAT THE EQUITY LINE WILL BE SATISFIED ONCE THE HOME IS SOLD AND I REITERATE THE HOME IS NOT NOR HAS IT BEEN ON THE MARKET. ALL OTHER CONTRACTUAL RESPONSIBILITY I AGEED TO IN THE PROPERTY SETTLEMENT HAS BEEN SATISFIED (ie debt).WHAT IS THE LIKELIHOOD OF THE COURT TAKING ACTION TO RELINQUISH MY NAME FROM THAT DEBT OR AT LEAST ORDERING THE HOUSE BE PUT UP FOR SALE AT FAIR MARKET VALUE?
Im sorry maybe you misunderstood. I agreed to pay the eguity line interest only payment until August 2014 and have no problem with that. I however do have a problem with the home not being on the market in order to satisfy the bank loan. What is the likelihood of the court ordering the home be put up for sale or at least a deadline of when the loan must be satisfied by her?
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