Legal Question in Family Law in Illinois
Hold harmless clause
In my divorce decree it states a ''hold harmless clause with a mortgage we took out thru the SBA'' how can the attorneys still go after me and put my name in the newspaper as 1 of our houses is going thru foreclosure? I have been divorced now for 4 years and my name is no longer on the house?
2 Answers from Attorneys
Re: Hold harmless clause
The lender was not a party to the "hold harmless" and did not agree to hold you harmless. Only a party who signed the agreement can be held to it. In other words, your husband is responsible for paying costs, etc, and you have to go after him.
Re: Hold harmless clause
You were or are in title at some point. You may also still be on the note. Hold harmless means that your ex would cover any fees costs or judgment
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