What happens when your former spouse doesn't pay their portion of the mortgage, and now your home is in foreclosure?
"My former spouse was supposed to pay a monthly portion of the mortgage, and they didn't. Now what?" There are specific remedies available to you including contempt charges, but the fact that your home is in jeopardy is the key issue. What options do you have?
A new law passed in Ohio during the summer of 2010 allows you to modify the divorce agreement by "decree" (without a court order). You have several options available, and many issues to consider. Should you refinance? Will the ownership interest in the home change (will your former spouse relinquish a percentage of their interest as a result of the monies owed)? Is it possible to remove them from the ownership of the home altogether?
The attorneys at the Lawrence Law Office are uniquely qualified to support you through this trying time. We are experienced in financial crisis situations including foreclosure, and we will work with you to protect your interests and to take the action required to give you the time needed to resolve the situation. If changes are required, we will help to make modifications to your previous separation agreement to reflect the associated developments and to ensure that these are properly executed to protect your interests.
If your home is in foreclosure, or if your former spouse isn't making their share of the payments you need to take immediate action. Contact our office today, or call our experienced, compassionate and skilled attorneys today to schedule an appointment to discuss your unique situation today at (740) 513-2105, or toll free at (888) 483-6115.
