Fannie Mae – Dividing Liabilities – Divorce: At what point can we exclude liabilities for parties getting a divorce?
Answer: Fannie Mae excludes debts assigned to the other party, in a divorce or separation agreement. Fannie Mae does not specify a specific amount of time. As long as you have a court order, be it a divorce decree or separation agreement, you can exclude debts assigned to the other party. Reference: Here is the […]