Home Loan Debt Resolution

Summary

Review the loan agreement to see if both names are included and check for clauses about property damage. Consider consulting a family law attorney to ensure equitable distribution of debt, especially after separation and property damage.

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I paid for a home 8 years ago, my husband got into debt last year and talked me into letting him take out a loan with the house as collateral, over the summer our house flooded and became unlivable, I bought a house with my parents after the flood and he has since moved out, how do we handle the loan to make things fair
Hi ****! To help you better, here are a few things to consider:
- Check if both your names are on the loan agreement.
- Review the loan terms for any clauses about property damage.
- Consider consulting a family law attorney for equitable distribution of debt.
Would you like to connect with a local lawyer for more detailed advice?