Home equity loan with my x and I now we are not together?
After 8 long years in this relationship it finally ended after so many infidelity problems, unfortunatly the loan still stands. I got it for him to help him with his buisness and to help the family because my credit score was slightly better than his.
I moved a state away and have dealt with the worst custody battle ever the last year and with all the stuff I had to deal with I put this 100K loan on the backburner. Custody has been a priority all year. Now that most things have been resolved I have this loan that I don’t know what to do about. Its a revolving Suntrust equity loan and it was for 10 years and 2 years have passed since I had it done. I really want this taken care of it erks me so bad to see 150K in cars in his driveway and several buisnesses and commercial property and the house itself is in his name and I walked away with nothing but a loan in my name.
Please help
unfortunatley we were never married… got 2 marriage licenses but right before each time I caught him cheating again so I had to call it quits.
Like this post? Subscribe to my RSS feed and get loads more!
3 comments
Lauren F on August 26, 2009 at 9:43 pm
If you were not married, take him to court (unfortunately this has to go to superior court, not small claims) and get a judgement so you can put a lien on the property.
If you were married, this should be taken care of with the divorce settlement.
bud68 on August 26, 2009 at 9:43 pm
The loan is a joint one in both your names? You’d better see a lawyer.
golferwhoworks on August 26, 2009 at 9:43 pm
make it a part of the divorce that he refinance or sell the property and get your share in the settlement. That way you must at very least quit claim the home when he does. Also put a time line in the papers to make him move along. You deserve your share of the equity in the home