OCR Text: REAL ESTATE MAILBAG/Benny Kass N@IEIF "-.mom,N,1-1/0/n it* I am in this situation where Toplace advertbing, please contact Elizabeth McBride my ex-wife is still on my mortgage mnabride@mont-yl,ald.com Peg Dillehay OPEN HOUSE ADVERISING oponhouses@mont-,Ileraldam Peg Dillehay Classified In-column Advertising MI (831) m-3322 The Monterey County Herald is located at 2200 Garden Road, Monterey, CA 93940 Attmtion readers - /1 miss out We encourage you to look through the entire Real Estate guide. Advertising for houses for sale appears throughout the entire publication, not just indira particular classifeauon. Where's the first place to go for complete online real estate listings? Click on: monterey herald.com /realestate Q Dear Benny: I am in this situation where my ex-wife is still on my mortgage but claims she is unable to refinance on her own due to the debt I've been paying on time for almost 10 years now and we do have a signed divorce decree awarding me the property as well as quit claim deed. You mentioned in the article that you spoke with some banks that would consider 12 months of proveable payments and not hold the debt against the other party seeking a new loan. Could you tell me who some of those lenders are? I'd like to reach out to them. Thank you, Gabriel. A Dear Gabriel: I do not refer - or even provide - names of any one. I don't think it is appropriate to provide any publicity (good or bad) to any company. Your email, however, leaves me completely confused. You indicate that your divorce decree awarded you the property. If thafs the case, why is it necessary for your ex-wife to be concerned about refinancing? If you want her to keep the house - despite the divorce court order - thafs your decision. But you will probably need to have that order modified, so that clear title can be in her name. You have two alternatives: (1) have your ex comply with the court order andtransfer the property to you. She will still be on the mortgage unless you are able to refinance and have her released. You can, of course, allow her to stay in the property, if for example there are children who are living there. She can pay you rent - or not - as you see fit. The second option is to transfer the property to her, but you will still be on the mortgage. There are sonne lenders who will agree to release a divorcing spouse from the mortgage obligation; but from my experience there are not too many of such lenders. The better approach - although both parties generally do not agree - is to sell the house and divide the sales proceeds (if any) pursuant to the divorce decree. Please see Mailbag on page 4 % 16 611 Spazier Avenue, Pacific Grove 731 Spruce Avenue, Pacific Grove 3 Bedrooms I 2 Baths I 2 Car Garage I 1,967 Sqft /- I Offered at $1,325,000 3 Bedrooms I 2 Baths I 2 Car Garage I 1,745 Sqft /- I Offered at $1,299,000 kw.1 Annette Boggs LUXURY HOMES INTERNATIONAL Realtor(ID KELLER WILLIAMSI REALTY CalBRE# 1 Office CalBRE# 6 510 Lighthouse Avenue, Pacific Grove 93950 Each Office is Independently Owned and Operated. www.annetteboggs.com 2 The Monterey County Herald • www.Montereyllerald.com • Real Estate Guide, Saturday, June 10, 2017 ---------------- , Heritage Society of Pacific Grove,Historical Collections,Historic Properties of Pacific Grove,Willow,801 Lighthouse and 202 Willow,801 - 899 LIGHTHOUSE_008_redacted.pdf,801 - 899 LIGHTHOUSE_008_redacted.pdf 1 Page 1, Tags: 801 - 899 LIGHTHOUSE_008_REDACTED.PDF, 801 - 899 LIGHTHOUSE_008_redacted.pdf 1 Page 1