Property title on both husband and wife name and loan is on husband.?

In the event of foreclosure of the property, would only husband be responsible or both. Situation(after separation, husband is paying the hefty mortgage and wife is not cooperating in selling the same

Property title on both husband and wife name and loan is on husband.?

yes only the husband is responsible. and if you sell it she is entitled to half. it happened to me too. shouldnt have put wife on the deed if she wasn%26#039;t on the mortgage.

Property title on both husband and wife name and loan is on husband.?

if she is on the note then she is also responsible!

did she sign anything with him or initial anything?

Property title on both husband and wife name and loan is on husband.?

if the wife is not on the title of the home hubby eats it but then she can%26#039;t get 1/2

Property title on both husband and wife name and loan is on husband.?

In most states, the spouse has dower rights to the property, so even if spouse isn%26#039;t listed on title, they have a marital right to the property.

But, unless the spouse signed the NOTE, they have no obligation to repay the debt, regardless of whether they are on title or not. So you can%26#039;t stick it to your soon-to-be ex-wife by not paying the mortgage, except for the loss of equity as the interest builds and legal fees start to pile up from your lender.

Property title on both husband and wife name and loan is on husband.?

She is not responsible for the mortgage if it defaults, if she is not actually on it. Sucky, eh?