0
No. Only the person who co-signed is responsible. Even in a community property state that debt would not be a marital debt. However, if the primary borrower defaults you wife will have to pay the balance and that, of course, may affect you.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
Will your husband be liable if the Home goes into default and the home is in the wife's name?
your husband will be liable only if his name appears on the loan or mortgage documents as a co-guarantor of the loan
Do to abandonment by husband is wife liable for his bills?
No way!!!
If you and your wife cosigned a loan for your daughter and her husband to buy a house and they made several late payments and it has since been sold and paid off how do you fix your credit?
Time is the best cure. The item will not have an impact on your credit report after 25 months from the date of payoff. Sorry. You may also do a letter of explanation, but since you signed on the debt it made you as liable as your daughter.
If my husband owns a property with his ex-wife and they share the mortgage on the property am I liable for anything if he dies or defaults on the loan?
No. If he dies and defaults on the loan the bank's recourse is to take possession of the property by foreclosure. The bank has no claim against you.
Is wife responsible for any debt if the husband cosigned a loan for their son in a divorce?
It's up to the judge and the laws in your state, but probably not. Likely you will be responsible for your exclusive debt, she will be responsible for her exclusive debt, and you will split shared debt and assets.
Property in Wife's name can husband be liable for deficiency judgments?
no i dea that is why i am askingyou?
Can a husband cosign for a car loan for his wife?
Yes
If husband and wife is on the loan for a home and the wife goes bankrupt will the husband lose the home?
if they cant pay for it they will lose the home
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.
If you get married will your wife be liable for your present student loan debt?
This depends on the structure of the loan, who it is received from, where you are lving, where you are marrying, and several minor factors. In some case, your partner will not be liable for the loan, as it your own personal contract and they cannot enter it. In others, your debts are pooled.
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.
Can a wife give Zakat to her husband for finishing loan?
no a wife cant give zakat or money of zakat to her husband under the masarif of zakat.
