If an Ex-Spouse Refinances a Home with a Promissory Note in Place, Must Payment Against that Note Be Made?

Most likely, yes, there would be an obligation to pay a Promissory Note upon the refinancing of a home formerly owned by a divorced couple.

But the terms of the promissory note itself (and perhaps even the Divorce decree) must be closely examined to ensure that the obligation to pay is still legally binding.

For advice specific to any personal legal questions, Standard Legal always recommends you consult a qualified, licensed attorney; you can find a local attorney for FREE at Standard Legal’s Attorney Find page.

To create a Promissory Note without an attorney, see Standard Legal’s Promissory Notes legal forms software page.