Posted on: 16th May, 2006 10:20 am
my common law husband quit claimed me onto two of his investment properties, doing so he quit claimed his self off, either by mistake or intentionally. He is the only on the mortgage, i am not. He is now defaulting on the mortgage and will be forcloseing soon. Will I be liable for any of the owed debt?
Hi,
Since you are not on the mortgage so that doesn't make you responsible for the payments and also your score is not going to be damaged for that.
However, as he is default on the loan so, the lender can come after the properties that have been quit claimed to you and you may lose the properties.
Blue
Since you are not on the mortgage so that doesn't make you responsible for the payments and also your score is not going to be damaged for that.
However, as he is default on the loan so, the lender can come after the properties that have been quit claimed to you and you may lose the properties.
Blue
Hi,
I don't think you are going to be held responsible for the debts of your common law husband. These days, not even the married couples are held responsible for each other's debts provided you have never co-signed on the mortgage.
As long as the finances are kept separate, things will work out fine for you but if the properties that have been quit claimed to you has the mortgage left on it and your husband defaults then, the property may get a foreclosure.
I don't think you are going to be held responsible for the debts of your common law husband. These days, not even the married couples are held responsible for each other's debts provided you have never co-signed on the mortgage.
As long as the finances are kept separate, things will work out fine for you but if the properties that have been quit claimed to you has the mortgage left on it and your husband defaults then, the property may get a foreclosure.
You are not going to be held responsible for any debts as other mentioned. If possible, I shall suggest you to check with an attorney to be assured.