Could I be liable for Joint Mortgage Account after Ex-husband remarried?
The responsibility to co-handle the joint mortgages after the separation of the spouses through divorce has become a major issue faced by many people. Most of the lenders are hesitant to let go-free the ex-spouses from the liability for joint loans and mortgages even after their legal divorce procedure. The divorce agreement clearly states that there will not be any responsibilities to be shouldered. But the liability for joint loans and mortgages are not applicable for the exclusion of responsibility. The affected spouse is at the mercy of the lender to get relieved of this liability. There are few options for getting off the liability for joint mortgage account. You can choose any one of them, whichever is applicable and suitable for your prevailing situation. Sell the property: When you feel that the liability for joint mortgage account after your ex-husband has remarried botheration, the best way to come out of the responsibility is to sell the property and share the outcome