Legal Question in Family Law in Ohio
mortgage
Does a divorce decree saying that one member retains ownership of a house and must refinance within 5 years relieve the other party from the mortgage
Asked on 12/01/06, 5:09 pm
1 Answer from Attorneys
Frank Rozanc
Frank J. Rozanc, Esq.
Re: mortgage
Generally, no, as each party is responsible for maintaining the value of the asset. The equity interests of each party should have been defined in the decree and should be protected.
Answered on 12/01/06, 7:46 pm
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