I received the house in my divorce settlement. I was responsible for the payments and my ex's name was taken off the deed to the property bu...

Question

I received the house in my divorce settlement. I was responsible for the payments and my ex's name was taken off the deed to the property but not the mortgage.

I was a victim of the mortgage crisis from 2009-2010. I was pushed into foreclosure over an escrow issue. For a reason that Citi still can't figure out - my escrow went into the negative raising my payment from $800 to $1300 a month. I contacted them and they told me to pay off the negative escrow and they would reduce my payment. Very long story short, I paid off my escrow 3 different times and they refused to lower my payment. Couldn't make the higher payments and had used $10,000 (all of my savings) to pay for the escrow and inflated payments.

Senator Grassley, Harkin, the IA Attorney General's office and eve Freddi Mac got involved on my behalf. The foreclosure was stopped and a modification was finally approved (even though I didn't need one - but they had pushed it to that point)

I am to receive money from the foreclosure settlement and since the mortage is still in my name and my ex's name the check will be made out to both of us- do I have to split the money with him? The only thing that hurt him was a ding to his credit - but they are suppose to fix that. I was the one that was hurt financially.

I will probably only received $500 but depending on where they put me in the chart - the things that happened could put me up to as much as $15,000. Ex is a jerk - uncooperative - and when they did the modification they modified it with just my income, signature, and a copy of the divorce decree.

Answer

Well, it's a given that you will need his signature on a two party check. How that happens is between the two of you. I do not envy you the task.