Posted on: 24th Mar, 2010 10:59 am
Own condo in Minneapolis. Husband is only name on the note/mortgage. Original deed was in wife and husband's name but added parent's when they stepped in to help daughter with her half of the mortgage payment. We are now going through divorce and wife has been paying entire mortgage - husband is paying nothing. I cannot afford to pay mortgage any longer. If I stop payment, who is responsible for the note/mortgage keeping in mind that husband is the only name on the loan? Can my parents be held liable because their names were quitclaimed on deed about a year ago?
Whoever is on the NOTE is responsible for paying. That would seem to be your husband. That should be the case as long as there is no divorce decree that says you now own the property. Your name and your parents are still not on the NOTE, but, that may confuse things. If no divorce decree that you get the property, it seems only your husband is responsible to pay.
Not sure what state you are in. If it is in one of the community property states, Im not sure.
Not sure what state you are in. If it is in one of the community property states, Im not sure.