Скачать или смотреть Is A Spouse Automatically Removed From A Mortgage After Divorce?

When you're navigating the complexities of divorce, one of the most pressing financial questions often revolves around shared assets, especially the mortgage on your marital home. Does a divorce decree automatically sever the financial ties to a home loan, or are there additional steps you need to take? This video uncovers the crucial truth about how mortgages are handled post-divorce and what you can expect.

Here's what you'll discover about mortgages and divorce:
► A divorce decree alone does not remove a spouse's name from a mortgage loan; it only dictates who is responsible for payments.
► Lenders are not typically bound by divorce agreements and still expect both borrowers on the original loan to fulfill their obligations.
► Refinancing the mortgage into one spouse's name is often the most common and effective way to remove the other spouse's liability.
► Exploring options like selling the home or a loan assumption might be necessary if refinancing isn't viable.
► Understanding your financial obligations and proactively addressing mortgage issues is vital for a clean financial break post-divorce.


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