Legal Question in Family Law in Michigan

Mortgage respondisibility

Only my husband on mortgages,I am not named on the main mortgage Or 2nd mortgage, If we divorce Will I also be held respondable for the debt???

Even if we stay together and can't make payments will it effect my credit???


Asked on 12/01/06, 11:42 am

2 Answers from Attorneys

Re: Mortgage respondisibility

You're probably responsible for a portion of all marital debts. Your attorney will be able to give you additional information.

www.MidMichiganDivorce.com

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Answered on 12/01/06, 11:50 am
William Stern William Stern, P.C.

Re: Mortgage respondisibility

The bank cannot hold you responsible but it is heoreically possible that you may owe your husband for part of that debt, due to the fact that it was the marital home utilized by both of you. William S. Stern

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Answered on 12/02/06, 5:11 pm


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