What Happens To My Spousal Mortgage Credit When I Get Divorced?

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The assets (for example a house) acquired during the marital union are joint assets that must be divided once you divorce. But if the house was mortgaged you might wonder what happens to my spousal mortgage credit when I get divorced?

As part of a partnership company, each spouse is responsible for the debts that were acquired during the marriage. And after the divorce, who is responsible for paying the debts?


Spousal mortgage credit on divorce

Spousal mortgage credit on divorce

2 things can happen when there is a mortgage and you get divorced:

  • There is a distribution of goods and a distribution of debts. Common equity is made up of both assets and debts.
  • One of the two decides to keep the house and the implied debt: For this, an agreement will have to be signed where the responsibility of continuing to pay the loan is established.

In both cases, once the divorce is established, the principle to be applied is that the assets and debts be distributed proportionally between each spouse, so that each one disposes to pay the latter with part of the assets of the conjugal partnership.


Assets is not enough to pay off the amount of the debt 

amount of the debt

There are two possibilities if the amount of the goods received by each of the spouses is not enough to pay off the amount of the debt assigned to each one:

  • Execute the property to pay the mortgage and distribute the surplus between the spouses.
  • Each spouse will respond with those assets that are outside the common heritage. That is, it will be up to each one to respond with their own goods.

Therefore, if you mortgaged your home and you plan to divorce, in the face of the question of what happens to my conjugal mortgage credit when divorcing me, it is convenient that you make the balance of assets and debts to see if your particular estate will be affected.

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