Question by Andi: Contract for deed/divorce/refinance advice.?
Our situation is we are trying to by a house CFD from our friend. She was divorced a year ago, and she cant make the payment. Her divorce decree states that “ex-husbands” name must be off the mortgage by Aug 23rd by either sale of the house or refinance. She has had the house listed with a realtor and many media sources since last year, and had tried unsuccessfully to refinance with multiple banks. Her lawyer advised that she would be held in contempt of court on Aug 23rd for not getting the name off, but that the court would throw it out because she has proof that she has tried to sell it. Now….we are currently living in the house that we want to buy (we moved based on some bad lawyer advice that she got from different lawyer). We have already sold our other house. Is there anything that she/we can do to remove his name. He is threatening legal action by the 23rd of august….
No we have not been approved a for a mortgage. We have been turned down. I already have a mortgage on my other house (sold it for CFD as well and a new car loan). So that is why we are attempting the CFD on this new house.
Best answer:
Answer by Judy
Why don’t you buy the house?
Go to a bank – get a approved for a loan and show it to the lawyers.
This will slow down the process of the court hearing.
Have you even been approved for a mortgage yet?
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