Asked by Aviance Shaunte, Suffolk, VA • Sun Feb 10, 2013
I am currently going through a divorce. When I told my estranged husband I was leaving, he contacted the bank and did a loan modification. I am still on the loan. The loan mod was done 2 years ago. He was not approved to assume the loan (I make almost double his salary). The bank says his only option if he wants to get the loan in his name alone (requirement of the divorce proceedings) is to refinance which he won't qualify for because of the loan mod. When his 90 days is over (per the divorce decree) and the property must be listed, can I apply to assume the loan at the current loan modification mortgage term?
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