|
|
Article: What Happens to the Loan When a Couple Separates?
- Article from:
- The Washington Post
- Article date:
- August 15, 2009
- Author:
CopyrightCopyright 2009 The Washington Post. This material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
|
QMy husband and I bought a house four years ago. We were legally
separated 16 months ago, and the house was deeded to me. I have been
paying the mortgage since our separation. I tried to contact the
lender several times but was told I need my husband's permission to
talk to them because the loan is in his name only.
I can't claim the mortgage-interest tax deduction even though I
am making the mortgage payments. When I contacted the lender, I was
told that the mortgage is not assumable.
What are my options? Do I stop paying the mortgage or continue to
pay?
AThis is a continuing -- and major -- problem that comes up
when people get divorced or separated, or when one spouse dies,
having ...