We divorced in 2006 and our divorce agreement said he had to refinance within three months to remove my name. I went to get a car loan in 2009 and had a foreclosure on my credit report! I was mortified. Is there any recourse I can take to remove this from my credit report? The home was in Georgia and I now reside in New York.
Nope you owned it. You didn't followup to confirm that a refinance took place. No credit agency will remove that mark for the reasons stated. It may well be that the foreclosure was invalid since you didn't receive notice, but it appears that cow has already left the barn. Your recourse would be against your ex-spouse who failed to refinance and failed to give you the opportunity to prevent he foreclosure.
Divorce is the process of formally ending a marriage. Divorces may be jointly agreed upon, resolved by negotiation, or decided in court.
Responsibility for debts acquired during marriage may fall upon both parties after divorce, even if only one spouse incurred the debt.
Written by attorney David Slepkow
Does Rhode Island have a statute direcly pertianing to Marital Debt? Rhode Island has no specific statute related directly to assigning Marital Debt in a Rhode Island Divorce.... more