| Author |
Message |
|
|
 croce1919
Joined: 26 May 2009
Posts: 1
1.30 Dollars($)
|
 Posted: Tue May 26, 2009 6:11 am Post subject: My be getting divorced in Massachusetts after 4 years of mar |
|
|
My wife bought the house when we were engaged. She put me on the deed. Now we are separated and she is asking if I would refinance, putting my name on the mortage. Is there any benefit to me to do this? Though I am on the deed, not the mortgage, am I entitled to proceeds from house sale? Thank you,
DA |
|
|
gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 7405
Location: bloomfield, ct
62.63 Dollars($)
|
| Posted: Tue May 26, 2009 8:18 am Post subject: |
|
|
as an owner, you would definitely benefit in terms of a split of any profit made. as a borrower, you are responsible for payments on the mortgage. i gather the two of you are not selling the home at this time.
_________________
George M. Akerley
Loan Consultant
860-221-5044 |
|
|
DA
Guest
|
| Posted: Tue May 26, 2009 10:52 am Post subject: My be getting divorced in Massachusetts |
|
|
Hi George, thanks for the reply. It's looking like it may come to that, and I just don't know if I should remain on the deed only or refinance with my name on mortgage, but it looks like you say I would benefit from sale, yet not be responsible for payments should I only remain on deed.
I wasn't sure as it is considered a "short term marriage" in Mass.
Thank you again,
DA |
|
|
