Background: Wyatt was approached by a couple who were getting divorced.
Divorces are difficult and full of procedures since people are deciding what to do with a house. The property becomes a big liability of a separation.
As far as a lender is concerned, you are jointly liable for the mortgage unless you sell the house, one person assumes the mortgage or the property is refinanced with new terms and conditions.
Refinancing is the most common solution to handling a divorce and mortgage. One spouse wants to keep the home and hold sole title to the property.
Read the whole article in SFGate's Real Estate section, here!