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If your wife takes out a student loan are you responsible for that loan in any way?
Wiki User
∙ 16y ago
Probably, especially if you live in a community property state.
Wiki User
∙ 16y ago
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Who is responsible for a loan your wife took out in Oregon?
Your wife and anyone who signed as comaker on that loan.
Can a wife get a student loan if her husbands student loan is in default?
In the US, yes you can. If you want help with the consolidation of your husband's defaulted student loans, click on the link below.
If My wife and I are co-signers on a car loan and We can't pay for it and I am disabled but My wife works will She be liable?
Your wife is responsible for the repayment of the loan. The reason lenders require co-signers is to increase the probability that the loan will be paid. Co-signers are equally responsible for repayment.
Is my wife responsible for my debt even if she did not co sign on the loan?
If she did not Co-Sign and her name is not legally attached to the loan, then you are soley responsible for the payments. Not her.
If your wife included a joint car loan in her bankruptcy but you did not file bankruptcy are you still liable for that loan?
You will be responsible for the whole debt since you are the only one capable of paying the debt after your wife's bankruptcy.
Is a wife responsible for a husband's student loans in a divorce in PA?
no she cant be because she did not take out the loans out
My wife died and I signed the mortgage but the loan was in my wife's name. Am I responsible for the loan balance?
If you didn't sign the note then you are not responsible for paying the balance. If the loan isn't paid the bank can take possession of the property by foreclosure. That's why the bank required that you sign the mortgage even if you didn't sign the note. See related question link for more discussion of note and mortgage.
If you are divorced and both you and your ex-wife are responsible for your own cars but you lost your job and your car got repossessed is she responsible if both names are on the loan?
Yes unless responsibilty for certain debt is clearly stated in your divorce papers. If her name is on the loan as co-signor then yes she would be responsible.
Is a husband responsible to pay for a deceased wife's student loans?
A wife pays for her student loans. First the student has to pay for his own loans. Husband doesn't have to at all. Take legal advice. The repayment of the debt could be taken from her estate before any bequests.
Will your wife have to pay if you file bankruptcy?
If her name is on a loan that you file bankruptcy on than she would then be responsible for that loan. Filing a bankruptcy only gets your name off the loan(s), you would both need to file together.
Does the spouse have to sign the mortgage in PA-Hubby is the one on the mortgage but bank states wife has interest in property so she must sign. Does that mean she has to be a co-applicant?
Yes. If the husband and wife own the property then the wife must sign the mortgage in order to grant the lender the right to take possession of the property by foreclosure if the loan isn't paid.The note is a separate instrument in a mortgage transaction. The note sets forth the terms of the loan and must be signed by the responsible party. In some cases the lender will allow only one party to sign the note and only that party will be responsible for paying the loan. However, if real property is used as security for the loan both owners must sign the mortgage.Yes. If the husband and wife own the property then the wife must sign the mortgage in order to grant the lender the right to take possession of the property by foreclosure if the loan isn't paid.The note is a separate instrument in a mortgage transaction. The note sets forth the terms of the loan and must be signed by the responsible party. In some cases the lender will allow only one party to sign the note and only that party will be responsible for paying the loan. However, if real property is used as security for the loan both owners must sign the mortgage.Yes. If the husband and wife own the property then the wife must sign the mortgage in order to grant the lender the right to take possession of the property by foreclosure if the loan isn't paid.The note is a separate instrument in a mortgage transaction. The note sets forth the terms of the loan and must be signed by the responsible party. In some cases the lender will allow only one party to sign the note and only that party will be responsible for paying the loan. However, if real property is used as security for the loan both owners must sign the mortgage.Yes. If the husband and wife own the property then the wife must sign the mortgage in order to grant the lender the right to take possession of the property by foreclosure if the loan isn't paid.The note is a separate instrument in a mortgage transaction. The note sets forth the terms of the loan and must be signed by the responsible party. In some cases the lender will allow only one party to sign the note and only that party will be responsible for paying the loan. However, if real property is used as security for the loan both owners must sign the mortgage.
If a husband is the primary on a loan and the wife is co-signer and they divorce who is responsible for a repossession?
Both, and the judge or attorneys on both sides will come to a conclusion on who pays what. Both are responsible though. If the wife was a home maker the entire marriage you might be in trouble.
