Good day and I do thank you for your response. I do understand and for the life of me have tried to convince him to sell the property. Maybe now is the time. There are no children involved and our divorce was easy enough. The separation agreement states he is responsible for the payments and upkeep of the house but my name has stayed on the notes and deeds, we just left it that way. I left and he had a house to live in. I was ok with that. Then the day came when he was no longer working and finally got disability through social security. My current husband and I are both on retirement social security and have no extras anylonger.
my question is this...if the 1st mortgage is current, i think he always kept that up to date, can the 2nd mortgage force forclosure, or would they just attach leans against our properties which would be satisfied on sale of property?
he says he is going to try to refinance the 2nd mortgage with just his name...they advised him to try even though his debt/income may prevent it. Sounds like they will at least allow it.
He also says he will try to do the 1st mortgage, i think i have to be involved with that and am willing if necessary to either let it go and be rid of the whole thing, or sign with him if need be.
He believes if the 1st mortgage will all allow a refinance with both our incomes, that will reduce the debt/income ratio so he can refinance the 2nd mortgage on his own...suits me....but what can you tell us about this.
you convinced me to stay honest about all this...neither of us are good at lying anyway.