Worried about equity line......

whereisthesun · #1 Feb 25, 2006, 10:33 AM

My husband talked me into opening an equity line against one of my properties. He did not have good credit that is why I agreed to put it in my name at the time (and I was stupid). We acquired this loan after we married. The property is also soley in my name. I am worried that I will get suck with a gigantic loan to pay that we used together...............HELP!!!!!!!!

CaptainForest · Feb 25, 2006, 10:47 AM

Are you 2 separated/divorced now?

The loan is both your responsibilities while you are married. If you are separating, make sue in the divorce agreement, he assumes 100% responsibility for the loan.



At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to: Get free answers from experts in any of our 300+ topics. Accept money for answers that you provide. Communicate privately with other members (PM). See fewer ads. Sign Up!