Legal Question in Family Law in New Hampshire

mortgage obligations

My husband wants to keep the house but

can't afford to buy me out. He wants to

have me take a second mortgage (?)

where I would have a lien on the house

for a specified amount of money, plus

interest. My name would come off the

deed. Would my name still be on the

mortgage? If the house was foreclosed

on, would my credit suffer?


Asked on 9/01/07, 10:36 am

1 Answer from Attorneys
Bruce L. Dorner Dorner Law Office

Re: mortgage obligations

The short answer is "yes," you do have credit exposure. These types of arrangements can be beneficial, but, remember, there's a reason you are getting divorced. To continue joint credit risks is often questionable. You should consult with an attorney to review all of the facts and circumstances of your case.

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Answered on 9/01/07, 12:46 pm


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