Upside Down Mortgage

Mortgage Default On Credit Report

Question: NC Mortgage/Deed Question?

I posted a similar question but left out some details so let me try again...I live in NC. My husband and I purchased a house after we married but my husband wanted it only in his name due to his credit being better than mine.

BUT the deed is in both of our names.

So, my name is not on the mortgage because my credit would have brought us down:( BUT now the marriage is not going well and he is threatening me that if he defaults I have to pay for it.

SO - right now his name is on the mortage - mine is not. Both names are on the deed.

Who is responsible for the mortgage? If he defaults on it am I responsible? Will it show up either good or bad on my credit report?

If someone can help me understand the legal ramifications I would greatly appreciate it. THANK YOU!!

Answer: I agree, that's messed up. He does the "family" a favor and you want to stick it to him and save your own hide. I hope you do the right thing and pay your half. Maybe you two should think about selling the home and going your separate ways.

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