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Old 06-15-2015, 01:16 PM
Location: Florida
4,103 posts, read 4,018,167 times
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Are you concerned about your liability in divorce? Or just your credit? Florida is a 50/50 State so just because your name isnt on the dead doesnt mean that you are screwed out of the property in event of divorce.
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Old 06-15-2015, 02:10 PM
4,546 posts, read 11,557,169 times
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Originally Posted by Bette View Post
You said you signed the mortgage - did you sign the NOTE? The note is the document which makes you liable for the loan.

I'm in Florida but if it was the same transaction in Florida as you describe, you as the spouse would sign the mortgage, truth in lending form and there could be a couple of other documents from the lender, however, you would not sign the note if you were not on the deed.

Generally, lenders today require a person who is on the deed to sign the note. I'm a mortgage broker in Florida.

It sounds like you just had to sign a couple of documents - it makes you aware that a mortgage is being placed on a property your spouse owns. If you did not sign the NOTE, you should not be liable.
Bette has it spot on.

Pull out your closing docs and see who is on the note. You may have just signed the mortgage and a couple other docs which does not make you liable for the loan.
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