Legal Question in Credit and Debt Law in Missouri

I have been divorced in Missouri for approxiametly 3 months and my wife was ordered to sell the house or refinance after the divorce was finalized. After waiting 3 months and not making any decisions on the outcome to the estate the loan has been givin to an attorney for foreclosure. A letter was sent to my wife stating this. But i wasnt told a thing nor have i been notified by anyone in regards to what is going on. Two days ago a real estate agent calls and tells me that we need to act fast on short selling the house. In the divorce papers she has the rights to the estate but my name is still on the loan. The agent sayed that i needed to approve of the short sale even though she has the rights to the house. Today my ex just told me this is no longer needed she spoke with her attorney and she was awarded the house? I have no clue what she could of done to change this in two days. What could she have possible done for this to happen. Im affraid Im going to get a very bad shake on this? Please help


Asked on 7/22/12, 7:10 pm

1 Answer from Attorneys
Anthony Smith LawSmith

A divorce decree does not prevent a lender from selling payment from either spouse on the loan, unless the lender was represented in the divorce case. It sounds like your wife was given possession of the house, and she was ordered to get the loan in her own name. Until she does that, your signature is probably still required for a a short sale.

Good luck

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Answered on 7/22/12, 11:32 pm


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