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Financially Drained with Equity tied to Joint Prop
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X got use of house til youngest child turns 18 and then house is to be sold and equity split evenly. There are 4 years left until sale. Currently financially behind and in need of my portion of equity. Home worth around 130,000 and currently owe around 21,000. What are the possibilities of a judge ruling to amend judgement to have home refinanced, turning over my share of equity now.
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jersey girl
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(Platinum)
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06/17/08 02:18 PM
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65.209.129.154
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Re: Financially Drained with Equity tied to Joint Prop
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Probably more expensive than getting a Home Equity against your portion.
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Re: Financially Drained with Equity tied to Joint Prop
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unfortunately...because it is a joint asset, there can be no loan against it without both parties consent... and the other party will not consent.
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Re: Financially Drained with Equity tied to Joint
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Countrywide gave me a 2nd mortgage on our home in my name only since my stbx's credit was trash. He didn't have to sign anything. There he was, all excited about getting the 2nd mtg (probably because he wanted the $$ out of the house since he was planning to ask for a divorce 2 months later) while I was signing the papers with the loan officer, when he should have been embarrassed as hell about not being able to sign for the loan due to his crappy credit.
I hope you can get your problem resolved. It stinks knowing all that equity is there and he's not letting you dip into it now.
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