Leaving the home


#1

Dear Chandra,

If both parties are on the loan, then the creditor will look to both parties to make the payment. However, if only one party is on the loan, then that party will be liable to the creditor for the payments. The same goes for utility payments.

I hope that helps!

Good luck!

Shonnese D. Stanback
Attorney
The Rosen Law Firm
4101 Lake Boone Trail, Suite 200
Raleigh, North Carolina 27607
919.256.1534 direct voice
919.256.1667 direct fax
919.787.6668 main voice
919.787.6361 main fax
NCdivorce.com
email: sstanback@rosen.com

The response posted above is based upon the limited factual information made available and is not intended as a full and complete response to the question. The only reliable manner to obtain complete and adequate legal advice is to consult with an attorney, fully explain your situation, and allow the attorney sufficient opportunity to research the applicable law and facts required to render an accurate opinion. The basic information provided above is intended as a public service but a full discussion with an attorney should be undertaken before taking any action.


#2

what if one partner leaves and they are buying the home is the other partner responsible for payment also or does the one left there got to pay everything?