Real Estate Law
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The divorce decree states that "The party receiving a piece of real property shall be solely responsible for all mortgages, trust deeds, lines of credit and other debts owed on that real property. The arty assigned a piece of real property shall be given a quit claim signed by the other party on that party. Husband and Wife shall be held solely responsible for all mortgages, loans, liens property taxes and other encumbrances on the properties confirmed to them. They shall defend and indemnify the other party in the event of collection or legal suit relating to the lease." I had falled behind on my payments last year due to a loss of income and now the property is in foreclosure. I have a buyer willing to do the short sale. My exhusband has the loan in his name and is refusing to authorize the short sale. The buyer of the property is willing to lease the property to me so that I can continue to use the property.