What can I do if I got a divorced last year and my ex-husband had 30 days to remortgage property and remove me from mortgage obligation but failed to do so?

What can I do if I got a divorced last year and my ex-husband had 30 days to remortgage property and remove me from mortgage obligation but failed to do so?

I quit claim deeded the property to him. For whatever reason, he said he “couldn’t” and has had the property up for sale with a realtor. He got remarried several weeks ago and they secured a new home for themselves. In today’s market, the property is worth less than what is owed and his realtor wants me to sign a short sale third party authorization form (the mortgage company will not release me as the co-borrower on the mortgage). What should I do?

Asked on July 16, 2015 under Real Estate Law, Michigan

Answers:

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