The Divorce Degree is the governing document over marital debt. This means that debt assigned to a former spouse will not be counted against you in most cases. Contact me and let’s discuss!
Related Article Title: Fannie Mae – Divorced Obligation on Previous Property: Do I need to count any financial obligation when the applicant is on the deed of a marital property, yet the financial responsibility was assigned to the ex-spouse by the divorce decree? [Includes Divorced Borrower Chart] Answer: My educated opinion: The divorce decree is […]
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