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Updated over 14 years ago on . Most recent reply

User Stats

117
Posts
44
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Jeff NA
  • Involved In Real Estate
  • Portland, OR
44
Votes |
117
Posts

Divorce and refusal of one party to sign off on a deal.

Jeff NA
  • Involved In Real Estate
  • Portland, OR
Posted

I finally get my first call from my direct mail campaign last week and I had the unfortunate experience of having no answer for the gentleman. I'd like to say "I don't know" as few times as possible in the future, but I'm not sure there is an answer here.

The couple is either getting a divorce or has already gone through with it. They now have an NOD filed on the house. The husband called me and explained that he is completely on board with a short sale but that the ex wife won't sign the deed. He says she's going to make life as difficult as possible on him and couldn't care less if the bank forecloses.

Anyone know of any tools in the shed that could fix this? Or is this just a case to walk away from?

Most Popular Reply

User Stats

1,147
Posts
903
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Brian Levredge
  • Investor
  • Chattanooga, TN
903
Votes |
1,147
Posts
Brian Levredge
  • Investor
  • Chattanooga, TN
Replied

It may be best to walk away. Shorts can be hard enough without dealing with disinterested parties. Having said that, if she is on the mortgage, it may be in her best interest to do the short rather than completely trash her credit, but you know what they say about a woman scorned. The bottom line is that if she doesn't want to do it, you shouldn't waste your time.

  • Brian Levredge
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