Legal Question in Family Law in Missouri
Marital Waiver
I would like to know the pros & cons of a marital waiver on getting a home loan.
Asked on 12/28/06, 11:52 am
1 Answer from Attorneys
Anthony Smith
LawSmith
Re: Marital Waiver
To get a thorough description of the pros and cons of a marital waiver, you will likley have to do your own research or hire an attorney to adress your specific circumstances. It is unlikely that anyone will give a specific answer to a generic question such as yours, without a complete waiver of any correctness of the information to your situation.
Generally, the waiver may allow your spouse to get a loan they might not otherwise be able to get. It might also allow the mortgagee (lender) to foreclose on your property after your spouse runs off with the money without paying the debt.
Good Luck
Answered on 12/28/06, 4:01 pm