Legal Question in Credit and Debt Law in New Jersey

My ex husband and I purchased a timeshare together. We divorced last year and the timeshare was foreclosed. Can I pay half the balance to have my name removed from the foreclosed property?


Asked on 3/08/11, 10:40 am

1 Answer from Attorneys
John Corbett Corbett Law Firm LLC

Not likely. The lender is entitled to a judgment against anyone who was named in the mortgage. The lender has no reason to release anyone unless their alternative is a dual bankruptcy.

See also: http://info.corbettlaw.net/lawguru.htm

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Answered on 3/08/11, 4:54 pm


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