What would happen to the house if the mortgage is not paid?
March 11th, 2015 by Questions
Common-law relationship of 5 years and the relationship has ended. There is a mortgage in both names with no equity and there is a truck loan of 13,000.00 in only one of the names (spouse-1). One of the common-law spouses (spouse-2) refuses to get a lawyer, sign any kind of agreement or sell the property. Can spouse-1 claim bankruptcy? What would happen to the house if the mortgage is not paid?
Posted from: Alberta