Posted on: 28th Jan, 2010 11:33 am
my home mortgage loan is under my name only, however both my husband & I are on the title. Can he purchase another home while still married to me? I’m getting mixed messages stating that he would have to divorce me to be able to get a mortgage approved in these times.
My house is in forclosure and i do not wish to keep the house. Thanks
My house is in forclosure and i do not wish to keep the house. Thanks
Hi,
Your husband can get a mortgage in his name. His name is on the title, not on the current mortgage. He is not liable for the mortgage payments as he did not sign on the mortgage promissory note. The existing mortgage will not be considered as his liability, unless the state you live in is a community property state.
Your husband can get a mortgage in his name. His name is on the title, not on the current mortgage. He is not liable for the mortgage payments as he did not sign on the mortgage promissory note. The existing mortgage will not be considered as his liability, unless the state you live in is a community property state.