Lien on the house because of unpaid student loan
August 12th, 2010 by Questions
My husband is currently unemployed. He hasn`t been able to repay his student loan for quite some time. He stopped attending school over 7yr ago.The collection agency has taken over now and keeps on calling him saying, they`ll put a lien on the house if he doesn`t sell the house to repay his loan. The house is under both; but I actually am the one who put the down payment to get the house and always making the mortgage payments. I haven`t missed a payment and not planning on doing so. I have a steady full time job and support our family of 5. However, I cannot help out my husband with the payments to his loan. I worked so hard to get this house and now to think that a lien can be put on it, makes me very angry and desperate. Can they actually put a lien on the house? I`ve been told I cannot remove my husband`s name from the title as I would have to refinance the house. I cannot refinance the house because my income is not enough to do so. I don`t know what else to do. My husband wants his name off the title to avoid the bank to put a lien on the house for he knows what this house means to me and our family. we don`t know what to do. He keeps on looking for josb with no luck still.
Posted from: Alberta