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Hello. I am divorced but still jointly own a home with my ex-husband. We are having a lot of trouble

  • October 18 2012 - US
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Answers (4)

If your name is on the deed 99% of the time you will also be on the mortgage.  
  • October 18 2012
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I agree with Tim, you need to find out if you are both on the Loan, and if you are, then defaulting on the loan would hurt both of you.

  • October 18 2012
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I am guessing at your question, I've seen it here before. If you are on the loan (mortgage) then you are still responsible for the payment of the loan. If you are on the deed but not the loan, then you are not going to take a hit to your credit if hubby defaults on payments. If you are on the loan and want off the only way is to pay off the loan in full or refinance with just hubby on it, if the bank will allow that to happen. You need to ask the lender.

Tim
  • October 18 2012
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  • October 18 2012
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