How can I get a mortgage modification approved?

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How can I get a mortgage modification approved?

I applied for loan modification. My ex and I purchased the house together to provide a home for our children even though we had been divorced for 4 years. The mortgage company doesn’t want to proceed because the divorce decree doesn’t say I have the property. We did not own it then. He has since signed a quit claim. He has never lived here or made a payment. I have explained this to them over and over. What can I do, if anything?

Asked on June 20, 2012 under Real Estate Law, Kentucky

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 9 years ago | Contributor

My experience with mortgage mofication requests is that the lenders holding the mortgage on one's home are so inundated with requests for modifications from individual homeowners that many people are simply ignored as to their requests.

In your situation, I suggest that you consult with an attorney who specializes in home loan modifications. Such attorneys generally have much better success in getting a satisfactory result for a homeowner and are better in getting contact with the lender's representatives as opposed to a non-attorney.

As to your dissolution and the issues concerning the home, I suggest that you retain a family law attorney to draft up an amended dissolution agreement to be signed by your "ex", file it with the court where the dissolution action happened along with a proposed judgment stating that there was no real property of your marriage.


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