Legal Question in Real Estate Law in Missouri
Ex wife being forclosed on
I have obtained a quitclaim deed plus in my divorse decree it states,
petitioner shall hold respondant harmless from said indebttedness from date of decree and agree to indemnification theron. Does this protect me when the house goes into the forclosure and or auction
Asked on 11/07/08, 3:24 pm
1 Answer from Attorneys
Anthony Smith
LawSmith
Re: Ex wife being forclosed on
No-
Your divorce decree does not prevent a secured credtor (lender) from foreclosing on the security (house). What you have is promise from the ex wife to pay you what you lose in the foreclosure.
Good Luck
Answered on 11/11/08, 11:51 am
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