Q. What happens to the mortgage when divorcing?

A.

Divorce does not eliminate mortgage obligations. Options include selling, one spouse assuming the loan, or refinancing.

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Divorce doesn't eliminate mortgage obligations. Options: sell and pay off, one spouse assumes the loan, or refinance. Joint guarantor status isn't released by divorce. Property division (Art. 768) considers net equity after loan balance.

This article provides general legal information and does not constitute legal advice. For specific legal issues, please consult with a qualified attorney.

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