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You haven't included enough detail such as whether you have any interest in the property- who owns it? You need to consult with the attorney who represented you in the divorce who can review the situation and answer your question.
You haven't included enough detail such as whether you have any interest in the property- who owns it? You need to consult with the attorney who represented you in the divorce who can review the situation and answer your question.
You haven't included enough detail such as whether you have any interest in the property- who owns it? You need to consult with the attorney who represented you in the divorce who can review the situation and answer your question.
You haven't included enough detail such as whether you have any interest in the property- who owns it? You need to consult with the attorney who represented you in the divorce who can review the situation and answer your question.
What else can I help you with?
Do chapter 7 bankruptcy relieves you of a mortgage in a divorce but the spouse stills lives in the home?
Filing for Chapter 7 bankruptcy will discharge your personal obligation to pay the mortgage, but it does not remove the lien on the property. Therefore, the mortgage lender can still foreclose on the home if the mortgage payments are not made. In a divorce, the issue of who is responsible for the mortgage payments would typically be addressed in the divorce settlement or court order.
In a divorce is a spouse not listed on the mortgage but listed on the deed required to help make the mortgage payments in Tennessee?
If they are not listed on the mortgage, then they have no legal obligation to pay the debt. If payments are not made it is only your credit that will be damaged.
After a divorce must your ex spouse pay half of the mortgage payment if their name is on the mortgage?
That issue should have been addressed in writing in your Separation Agreement when you were divorced. You need to review it and the decree. All financial matters between the parties should be addressed in that agreement. If the mortgage wasn't addressed then you are each equally responsible for payments. If the payments aren't made and the loan goes into default the bank will foreclose and take possession of the property. That means if your ex-spouse isn't helping with the payments the responsibility to make the full payments falls on you or you will lose the house. You should call the attorney who represented you in the divorce and ask them what to do.
Can you assume a mortgage after your divorce - If you are unable to refinance - do you have other options?
You need to discuss it with your lender. If you are unable to refinance then the mortgage will remain in both names regardless of any divorce agreement and both remain responsible in the case of a default. Any person who gives up their interest in marital property in a divorce proceeding must make certain they will no longer be responsible for paying the mortgage. Generally, that can only be accomplished by a refinance.
Can you make your ex pay half of the mortgage?
You haven't provided enough detail. If they are on the loan documents with you, they are equally responsible for paying the mortgage. This situation should have been addressed in the divorce agreement. You should contact the attorney who represented you in the divorce who can review your situation and explain your options, if any. If you were not married, you cannot "make" your ex-partner pay. If the mortgage payments are not paid the lender will foreclose, take possession of the property by foreclosure and both your credit records will be ruined.
Can a house be sold that was received in divorce that was not reaffirmed in ex-husbands bankruptcy?
This depends on how the house is titled and who is responsible for the mortgage payment. It can be foreclosed on if payments are defaulted the lender does not choose to reaffirm the loan. Or if the exemption does not protect the property, the Trustee can petition for a forced sale.
My divorce decree relieved me from the mortgage but now I am being held responsible. What can I do?
Divorce decrees are not binding on banks. If you signed for the line of credit the bank can hold you responsible for paying it. In a situation such as yours, this issue should have been addressed by having the spouse refinance the loan in their own name and pay off the existing mortgage that you signed. That should have been incorporated into the divorce decree. You should calll the attorney who handled the divorce to see what your options are now.
If husband is owner of a vehicle but wife drives it who is responsible to pay the payments if they divorce?
If it is in the man's name, then the man is legally obliged to pay it.
What are the implications of getting a divorce on a mortgage"?
Getting a divorce can have implications on a mortgage because it may require one spouse to refinance the loan or sell the property in order to remove the other spouse's name from the mortgage. This can impact credit scores and financial stability for both parties involved.
Mortgage rights in divorce?
Your question is _________?
If spouse incarcerated and you want a divorce you were buying a house but the loan is not in your name but your name is on the title are you responsible for the house?
yes you are responsible for the payments because you are married it is a marital asset being bought after you were married so in a legal sense its in both your names regardless of the way its titled
Why do women get the house in a divorce?
Generally, women get the house in a divorce because they will have physical custody of the children and the court tries to cause the least disruption in the child's life. Generally, provisions are made for the home to be sold when the child reaches eighteen or the woman takes over the mortgage payments and refinances the mortgage in her own name. Also, generally, women are still considered to be at a financial disadvantage in their ability to acquire future assets.
