Comments on: my ex husband is the only one on the mortgage loan and im on the deed,the house is going to foreclosure.? http://www.bestforeclosurenews.com/ms-foreclosures/my-ex-husband-is-the-only-one-on-the-mortgage-loan-and-im-on-the-deedthe-house-is-going-to-foreclosure Todays Foreclosure News & Info Fri, 26 Nov 2010 15:55:08 +0000 hourly 1 By: Richard Y http://www.bestforeclosurenews.com/ms-foreclosures/my-ex-husband-is-the-only-one-on-the-mortgage-loan-and-im-on-the-deedthe-house-is-going-to-foreclosure/comment-page-1#comment-2079 Richard Y Sun, 14 Jun 2009 04:25:59 +0000 http://www.bestforeclosurenews.com/ms-foreclosures/my-ex-husband-is-the-only-one-on-the-mortgage-loan-and-im-on-the-deedthe-house-is-going-to-foreclosure#comment-2079 Being on the deed doesn't affect you in this situation. As long as he is the only one listed on the mortgage and you divorced prior to the house going into foreclosure, Federal Law prohibits a creditor from including you in the bureau notices as you aren't a party to your ex-husband's finances anymore. However, having said that, my suggestion would be to monitor your credit reports in the weeks after foreclosure. Mistakes can happen, and it's better to fix a mistake like a foreclosure that you weren't a party to, prior to applying for a loan, rather than going through a denial notice and having to fix it at a later date before reapplying for that loan you wanted. Best of luck. =^_^=<br><b>References : </b><br> Being on the deed doesn't affect you in this situation. As long as he is the only one listed on the mortgage and you divorced prior to the house going into foreclosure, Federal Law prohibits a creditor from including you in the bureau notices as you aren't a party to your ex-husband's finances anymore.

However, having said that, my suggestion would be to monitor your credit reports in the weeks after foreclosure. Mistakes can happen, and it's better to fix a mistake like a foreclosure that you weren't a party to, prior to applying for a loan, rather than going through a denial notice and having to fix it at a later date before reapplying for that loan you wanted.

Best of luck. =^_^=
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