Will I be responsible for the loan of my fiancÃ©e?
My fiancée is divorced. My fiancée and his ex-wife had taken out a mortgage loan several years back. His ex-wife has agreed to make payments on the mortgage loan. Actually, the loan was taken out by his ex-wife only. He was just the co-signer of the loan. We will be married in April 2012. I want to know that if his ex-wife defaults on the loan after our marriage, then will I be responsible for the loan in any way? By the way, I have just purchased a new house. Will it have any effect on my house?