Why does a non borrowing spouse sign the mortgage in Florida?
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Why does a non borrowing spouse sign the mortgage in Florida?
Due to the vested interest of the non-titled spouse, your title company needs to figure out if the real estate transaction involves community property, and if it does, buyers and lenders will require the signature of your spouse on legal documents.
Can a married person get a mortgage without their spouse in Texas?
Can you get a home loan without your spouse? You can purchase a home and be the only person financially obligated. However in Texas, your spouse will still be required to sign the security instrument at closing because Texas is a community property state.
Who pays mortgage in divorce?
The person liable for paying the mortgage during a separation is the person whose name appears on the mortgage note. If both your names are on the mortgage, then you are both legally responsible for making the payments. Even though you’re separated, you need to continue to make your mortgage payments on time.
Does my ex husband have to pay the mortgage?
Most commonly, if you remain living in the home, you should pay the mortgage and expenses for the home, pending sale. In this instance, your ex-partner should pay the mortgage and you could obtain a Court order or agreement that they do so as “spousal maintenance”.
