Decree Wording Helps Ex-wife Get New Home Loan

  Question:  In a recent column you said that an ex-wife would not be able to qualify for a mortgage loan for a new home in Chandler, even though the ex-husband in the divorce decree was awarded the family home and agreed to be 100 percent responsible for the mortgage loan on the family home.  Under similar circumstances, however, I was able to qualify for a mortgage loan to buy a new home.  My mortgage lender used similar language in my divorce decree to remove any liability for the old mortgage loan from my credit reports.  Just thought that you would like to know.

  Answer:  Thanks to you and several other readers that sent similar emails.  They also were able to qualify for a new loan because of indemnity language in the divorce decree that the spouse still living in the family home was solely responsible for the mortgage loan.