Irrespective of your separation or divorce status, if your ex is still actively present on the joint mortgage agreement, they’re legally obligated to pay their share of the mortgage (usually, half of it!). If they’re refusing the payments, make sure you take these steps highlighted in the article.
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In 2023, divorce was one of the main reasons for increased mortgage rates.
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Both parties in a joint mortgage are responsible for ensuring that the full monthly payments, including both the loan amount and the interest, are paid on time each month.
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Refusing to pay will damage both your and your ex-partner’s credit scores.
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Exploring Options: Dealing with Ex's Mortgage Refusal
Here are a few actionable steps you can take if you're coping with your ex's mortgage contribution denial!
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Go To Your Lender
➙ Intrigued by her realtor’s idea, Leah proceeded as her desired home included all necessary appliances.
➙ Many lenders are open to accommodating changes and may offer options such as extending your mortgage term or switching to an interest-only arrangement to ease financial strain during uncertain times.
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Write A Request Letter To Your Ex
➙ Send a written request to your ex, asking them to continue making their share of the mortgage payments. Ensure it's in writing for potential future proof, either through a recorded delivery letter or email.
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Seeking Legal Assistance
➙ Are you married and in the divorce process? Then, you can ask the court for help.
➙ If you were living together but not married, you can still ask the court for help. You can request a court order to make your ex pay their share of the mortgage. However, it's important to know that this might take a long time.
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Review The Divorce Agreement
➙ Start by reviewing the terms of your divorce agreement, especially any provisions related to mortgage payments or financial responsibilities. If your ex is legally obligated to contribute to the mortgage, you may have grounds for legal action.
Final Thoughts: Act Wisely!
Make sure to pay your mortgage on time! Dealing with a situation where your ex refuses to contribute to the mortgage can be stressful and challenging. Make sure you first talk to your lender about this situation so they can provide you with the right guidance.
Do not try to handle this situation alone and fall behind on monthly mortgage payments, as it can lead to losing your home. If the lender takes back the property, both you and your ex-partner may be responsible for any costs incurred.
About the writer
Stephanie Trudeau
Reverse Mortgage Expert