Ohio  |  Real Estate Law

Legal Question

Asked on: 10/05/09, 10:27 am

My husband and I purchased a home over two years ago. Days after the mortgage papers were filed, my husband opened an equity line. Only recently (due to misuse of the equity line by my husband) I learned that my name was never added to this credit line. Is it legal for a bank to establish a line of credit against a shared asset without consent from both owners to the property (my husband and I)? Do I have any protection against this misuse of the equity line by my husband (we are seeking a divorce) or legal action against this bank for making the credit available without my consent?

Didn't find what you were looking for? Ask an Attorney!

Get answers from the top Attorneys
Ask Question

209 Answers given in the last few hours.

8662 Active attorneys ready to answer your question

Search Past Answers:
  Advanced Search