Posted on: 07th Mar, 2013 08:49 am
Hi,
my husband and his ex wife are on a mortgage together from there previous marrage..if my husband and i were to buy a new home toghether and she would default on that loan,could they take my husband and My new house to make up the debt?
my husband and his ex wife are on a mortgage together from there previous marrage..if my husband and i were to buy a new home toghether and she would default on that loan,could they take my husband and My new house to make up the debt?
If he is a co-signer for the previous loan with his ex-wife, then yes his current properties may get dragged into trouble, in the event his former wife falls back in making the payments.
Yes. It'd be best if she refinanced it into her own name first.
