That is almost the norm unfortunately. What you need to do is find an experienced Realtor and list the home immediately. You also want to contact the lender and let them know you would like to do a short sale. They will direct you to the documentation you need to provide like income and a hardship letter etc.
Talk with a few Realtors and make sure the one you are dealing with has had success with short sales. You will be up against the same issues. The lender may want to set a price based on their own appraisal or they may instruct you to list the home and submit an offer when received.
Because your situation has dragged on for so long you may be up for foreclosure very soon so make sure you keep communication open with the lender at all times. Call them at least once a week.
Best of luck to you and your family.
REALTORÂ® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
It sounds like you're still on the hook for the note. You said he couldn't refinance, so it's still the loan that you were on, correct? Unfortunately, people don't realize quitclaim is for title only, not the attached mortgage.
I'm sorry this has happened to you, but you may need more than just a real estate attorney. If the judge says a party is not obligated to a debt, it doesn't mean the creditor agrees. If there are any tax balances or other debts, you need to check on those as well. The IRS does not release a party from a tax debt because a judge says so. Many other credit card companies and banks won't either.
I'd go back to your original attorney (who doesn't sound very good) and see if he or she can quickly assist you at no cost. This issue should have been addressed during the divorce proceedings. I actually had a listing recently because the judge ordered the home to be sold since neither party could refinance or pay the other party.
I would also call the mortgage company and explain what happened as well as provide the divorce decree. They almost positively won't remove your liability, but they may allow you to make arrangements and not let this affect your credit score.
Best of luck to you. AND BE ADVISED I AM NOT AN ATTORNEY, just sharing what I have seen to be true.... more
Jack I can see you are in Seattle and it will be hard for you to come to Fort Worth to pick up a list of foreclosures so best thing is to go to www.bidselect.com and go to the properties condition report. It will inform you the conditions of the properties. It will also inform you if the property is insured 203K which means they will allow you money back for repairs. If you have any other questions please feel free to contact me; I'm more then willing to answer any questions and willing to do more then print up a list. Hope all is well. email@example.com... more