Legal Question in Real Estate Law in Ohio
partition agreement
My ex and I own 2 properties. She is keeping one and I the other. Will an agreement for the partition and division of land end our liability for each others property?
Asked on 3/02/07, 3:02 pm
1 Answer from Attorneys
Robert Rosplock
Rosplock & Perez
Re: partition agreement
A private agreement between owners does not affect the obligations to existing mortgage holders. In fact, a partition cannot be done without the consent of lenders, and would cause any mortgages to be due in full now.
Answered on 3/03/07, 1:36 pm
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