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Was the agreement in the divorce settlement ?
What are the exact words in the agreement ?
I don't have the exact words but it says more or less that he can make the mortgage payment as part of alimony until she sells the home. I just don't believe she will do that (sell)for various reasons.
Here is a little more info for you, found a copy of the stipulation for judgment. It says that husband may deduct house payment from wife's alimony until she closes escrow on the house. (family home that she was awarded) It is silent on the issue as to what happens if she dies before home is sold.
Thank you. Your settlement agreement should state that alimony ceases upon the death of either party. If alimony ceases for any reason per the stipulation you are no longer obligated to make the mortgage payment. Please accept my response with a rating of 3 or better so I can get credit for my response. If you have follow up questions please ask
I understand that we are not obligated to make the alimony payment when she dies, but the loan is still an outstanding obligation in his name. Does that mean her estate is responsible for the debt at that time?
What would my husband tell the bank if this happens so they don't ding his credit if he ceases making payments? If the house goes through probate,it would take months to sell and there could be alot of unpaid payments piling up. Is there a legal document he can show bank to get him off the hook?
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