Am I responsible for my new husband's mortgage even if my name is not on the loan or title?

Answer 1

It really depends on your state. If you live in a community property state the answer is yes, otherwise no. Most of the states are community property, but there are few (Utah is one) that are not.

Answer 2

No. you are not responsible for your new husband's mortgage, he is. He purchased the property before you married, so you aren't necessarily obligated. Even if he puts you on title, technically you aren't obligated to pay the loan. If he was to default on the loan and you were on title, the default notice would go to him only, but affect you as a co-owner on title if the home went into foreclosure, for example. Guess what I'm trying to say is that the only way you would have to make payments on the mortgage is if your husband were to refi the loan and include you as a source of income and co-lender. This would entail having you fill and sign a bunch of papers with him. If so, it's up to you whether you want to be financially involved with the house/payments. Hope this helps.

Answer 3

The short answer is, you could be. Did you sign anything at the bank or closing for the property? Are you listed in the loan documents as a source of income? The bigger question is, why aren't you on the title? If this is your house where you, your husband, and the rest of your family reside and will continue to reside, you should be on the title and deed.

Talk to your husband about this. Should something happen to him, heaven forbid, you could find yourself in trouble with housing. You will be contributing to the marital household with either income or housework or both. Both of you together work out some sort of budget to pay this mortgage note and other expenses.

Answer 4

more than likely no...dont confuse a debt obligation for which you did not sign up with marital property estates. dont know your state or the details, but your husband cannot automatically bind you as your agent without your consent. However, if he purchases real estate while you guys are married, then you might be able to claim tenants in common on the property itself. this means you own half of the property even though you are not on the mortgage.

If he purchases the property before you are married, the loan and house may belong to him solely as separate property. just advice - dont take to heart.

Answer 5

interesting answers and some might be correct depending on your state laws.
however, u didn't sign for the property?
u are not legally bound to pay for it in any legal contract. u are living in "his" house thou u through marriage have an vested interest in it now should u divorce.
suggest u get good term life on him now.
u may be required to come up with money if he dies so u can stay in 'his' houses.
should he default/lose the house it will go on 'his' credit not ur unless u sign for any loan using house as colateral.
visit ur local attorney to the the real facts, now.

Answer 6

It depends on what State your are in. If you are in a community property state then YES you do assume the debts of your spouse. I may suggest you guys sign an agreement which excludes the item from the community. That is registered with your marriage and you will not owe it. You should DEFENITELY meet with an attorney to discuss your exact issues.

Hope this Helps!

Answer 7

Check with your attorney. In most cases, when the marriage license has been filled out, it is joint property and joint obligation. While you have joint ownership of the property you also have joint responsibility for all liens on it in most cases.

Again check with legal counsel as things do vary from one state to another.

Answer 8

Nope. However, the GOOD news is, you will be entitled to some of the equity that compounds between the day you married and IF you split (which we will hope doesn't happen).

Answer 9

That will depend on when the home was purchased---was it before you were married? And it also depends on if you live in a community property state. good luck

Answer 10

No.