Legal Question in Real Estate Law in Michigan
ex-wife wants to give house back to the bank.
My husband is still on the mortgage with his ex-wife. She is wanting to move out of michigan, and intends to ''give the house back to the bank''. Could we be forced into bankrupcy to pay the debt? I have a mortgage of my own in Tennessee and we cannot pay both.
Asked on 4/07/08, 5:28 pm
1 Answer from Attorneys
Renee Walsh
LawRefs Nonprofit
Re: ex-wife wants to give house back to the bank.
Yes. This is a problem for many married couples getting divorced. Check the divorce judgment for the requirements as to the house. Sometimes there is a bankruptcy clause.
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Answered on 4/07/08, 8:37 pm