MH Financing, over 10 years old
I need to refinance my RV to clear my ex wife from liability etc. The MH is a 2004 and over ten years old. All the RV specialty finance companies stop at 10 years. Any suggestions for refinancing of...
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Not BS .. He and his wife signed a document agreeing to pay.why would the lender let one person out of that agreement ? Ever been divorced ? Courts don't dismiss the debt , it's not a bankruptcy .....they can enforce reassignment of the asset but not of the contract Been there , got that medal !!! Divorces are ugly . the court doesn't force the bank to remove a name it forces the parties to do what he's doing !
.His choices are1- talk the bank into taking the exes name off .. He would need really good credit to do that!!! 2 - refinance . 3- Talk the ex into continuing to allow her name on the debt ( absolutely a very dumb thing for her to do .. One of them can file bankruptcy and ruin the other . and finally and most likely SELL the asset and get out from under the debt .. Probably the action needed. Sell , make up the difference if needed and move on.Suck it up The cold hard truth of dissolving a " financial" partnership.
.His choices are1- talk the bank into taking the exes name off .. He would need really good credit to do that!!! 2 - refinance . 3- Talk the ex into continuing to allow her name on the debt ( absolutely a very dumb thing for her to do .. One of them can file bankruptcy and ruin the other . and finally and most likely SELL the asset and get out from under the debt .. Probably the action needed. Sell , make up the difference if needed and move on.Suck it up The cold hard truth of dissolving a " financial" partnership.
