Mortgage Legal Advice Forums?

grey_gym_sock

MrWombat wrote: »

If this house is underwater, then even if it is sold there will still be a considerable debt, and your girlfriend and her ex are both liable for it all.

correct: if ex is broke, they may come after gf for 100% of the shortfall.

Given the straits that both of these people are in, what this means is that if you marry her the lender can and will come after you.

incorrect: married couples are not liable for one another's debts.

bigadaj

grey_gym_sock wrote: »

correct: if ex is broke, they may come after gf for 100% of the shortfall.



incorrect: married couples are not liable for one another's debts.

Surely that depends, if you start having joint accounts, one half puts all the money in, then half of that can be assigned to the other halts debts.

grey_gym_sock

yes, i just meant that being married in itself makes no difference. it would make sense to be cautious about having joint accounts, a joint mortgage, etc, with a partner who may have a large financial claim made against them.