Pre-divorce mortgages and responsibilities
My husband is getting a mortgage to pay off my half of farm. I am to sign a quit claim at the closing of this loan today. We are not divorced yet, in fact things are very amicable. Yet I am concerned that I may be responsible for this loan, even if my name is not on the mortgage. If he defaults, can the mortgage company go after me or my credit?
Re: Pre-divorce mortgages and responsibilities
I would strongly encourage to talk to your attorney ASAP for a legal opinion. In some circumstances it is possible to do as described and for you not to be held responsible in case of default.
Robert McCall
Law Office of Robert McCall
1515 Elizabeth Street, Suite H
Melbourne, FL 32901
Re: Pre-divorce mortgages and responsibilities
Under the circumstances you describe, I do not believe you would have any financial libility, for the loan, should your husband default on the mortgage loan. Nonetheless you should review the matter with your attorney.
Alexander M. Rosenfeld
Rosenfeld & Stein, P.A.
11900 Biscayne Boulevard
Miami, FL 33181