Are You Responsible for Your Ex's Debt?

If your former spouse is having trouble paying the mortgage on the home you once owned together, you may be wondering if you'll be responsible for some of the debt if the house goes into foreclosure. Don't worry, says CNBC personal finance expert Carmen Wong Ulrich, if your ex was awarded the house in your divorce settlement, then he was most likely also made responsible for the mortgage. Check with your divorce lawyer to confirm the terms of your settlement.

 
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