1.0Ask Standard Legalhttps://www.standardlegal.com/blogStandard Legalhttps://www.standardlegal.com/blog/author/adminIf an Ex-Spouse Refinances a Home with a Promissory Note in Place, Must Payment Against that Note Be Made? - Ask Standard Legalrich600338<blockquote class="wp-embedded-content" data-secret="AvCKWRFJhp"><a href="https://www.standardlegal.com/blog/refinance-home-promissory-note-divorce">If an Ex-Spouse Refinances a Home with a Promissory Note in Place, Must Payment Against that Note Be Made?</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.standardlegal.com/blog/refinance-home-promissory-note-divorce/embed#?secret=AvCKWRFJhp" width="600" height="338" title="“If an Ex-Spouse Refinances a Home with a Promissory Note in Place, Must Payment Against that Note Be Made?” — Ask Standard Legal" data-secret="AvCKWRFJhp" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script>
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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.