Divorce Decree Mortgage Assumption

Summary

In Colorado, if a divorce decree awards you the house, you may still need to assume the mortgage if it was jointly held. The lender has the final say, not the court. Consult a local attorney for personalized advice.

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Divorce decree states I take the house. Do I still need assumption of mortgage?
Hello ****, the answer can depend on your location. Can I ask which state you are in? This will help me provide more accurate information.
Colorado
Hello ****, in Colorado:
- If your divorce decree states that the house is yours, you may still need to assume the mortgage if it was jointly held.
- The lender has the final say, not the court.
I would recommend contacting a legal professional in your area for advice.