by timthearchitect on August 23rd, 2009

timthearchitect

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My mortgage is only in my name. Divorce demands me to deed house to X, she pays payment from alimony. she can't qulify to assume mortgage so it remains in my name. What happens if she defaults?? Do they come after Me?

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  • by Shemarq the Wamama on August 23rd, 2009

    Shemarq the Wamama

    If she can't assume the mortgage in her name, yes you are responsible. The agreement is between you and the mortgage company. If she defaults, they will come after you, then you would have to go after her. Would you be able to pay the mortgage, then send the remainder of the alimony to her each month so you can make sure its paid? Also, this is something that your attorney should have worked out prior to signing of the divorce papers. There should be (or should have been) a contingency plan in the event she was unable to assume the mortgage.

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