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What happens if one spouse leaves and there is a mortgage on the home? |
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Answer
The mortgage agreement is still valid and must be adhered to by all parties that are named in the lending agreement or the lender can begin foreclosure proceedings.
The spouse abandoning his or her personal and financial responsibility has no bearing on the validity of any debt.
First answer by Macky. Last edit by Macky. Contributor trust: 3450 [recommend contributor]. Question popularity: 26 [recommend question]
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What if the immigrant leaves spouse stranded financially unempolyed? What happens if one of the partys ran and still has a house mortage?
