{"id":33712,"date":"2022-12-16T12:49:30","date_gmt":"2022-12-16T11:49:30","guid":{"rendered":"https:\/\/www.cbleon-abogados.com\/what-happens-to-mortgages-in-case-of-divorce\/"},"modified":"2022-12-16T12:58:04","modified_gmt":"2022-12-16T11:58:04","slug":"what-happens-to-mortgages-in-case-of-divorce","status":"publish","type":"post","link":"https:\/\/cbleon-abogados.com\/en\/what-happens-to-mortgages-in-case-of-divorce\/","title":{"rendered":"What happens to mortgages in case of divorce?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-white ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Tabla de Contenidos<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/cbleon-abogados.com\/en\/what-happens-to-mortgages-in-case-of-divorce\/#Mortgages_in_case_of_divorce\" >Mortgages in case of divorce<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/cbleon-abogados.com\/en\/what-happens-to-mortgages-in-case-of-divorce\/#Who_pays_off_the_mortgage_in_a_divorce\" >Who pays off the mortgage in a divorce?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/cbleon-abogados.com\/en\/what-happens-to-mortgages-in-case-of-divorce\/#Mortgage_with_two_holders\" >Mortgage with two holders<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/cbleon-abogados.com\/en\/what-happens-to-mortgages-in-case-of-divorce\/#2_Mortgage_with_a_single_holder\" >2. Mortgage with a single holder<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/cbleon-abogados.com\/en\/what-happens-to-mortgages-in-case-of-divorce\/#3_Mortgage_with_divorce_and_children\" >3. Mortgage with divorce and children<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/cbleon-abogados.com\/en\/what-happens-to-mortgages-in-case-of-divorce\/#4_Other_possible_alternatives\" >4. Other possible alternatives<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Mortgages_in_case_of_divorce\"><\/span><strong>Mortgages in case of divorce<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"color: #000000;\">Disagreements between couples are increasing dramatically. Divorce cases have increased in Spain to figures not seen in recent years. According to the Spanish National Institute of Statistics, this year the number of marital breakups amounted to 90,582 between annulment, separation and divorce.<\/span><\/p>\n<p><span style=\"color: #000000;\">The aforementioned figures are not only centered on the capital city, but are spread throughout all Spanish communities. The substantial problem, from the legal point of view, is not a simple breakup due to incompatibility of the spouses&#8217; characters. The mess is greater when there are assets of the marital community and an outstanding mortgage to be paid.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_pays_off_the_mortgage_in_a_divorce\"><\/span><span style=\"color: #000000;\"><strong>Who pays off the mortgage in a divorce?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"color: #000000;\">The general rule in mortgage matters in divorce cases is that the former spouses will continue with the obligation to pay the installments. This action must be carried out before the respective bank as it has been done in the past. The banking institution is empowered to require compliance from both holders.<\/span><\/p>\n<p><span style=\"color: #000000;\">It should be noted that debtors who subscribed the loan and still own the home will maintain their obligations. This responsibility subsists whether they are married or divorced. In any case,<strong> those who made the commitment are required by law to cancel<\/strong>.<\/span><br \/>\n<strong><span style=\"color: #000000;\">However, it is pertinent to make a series of preliminary considerations to determine whether this payment obligation can be assumed by only one of the spouses. In this regard, it is necessary to point out the following:<\/span><\/strong><\/p>\n<figure id=\"attachment_33709\" aria-describedby=\"caption-attachment-33709\" style=\"width: 2000px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-33707 size-full\" src=\"https:\/\/www.cblspanishlawyers.com\/wp-content\/uploads\/2022\/12\/casos-de-divorcio.jpg\" alt=\"divorce cases\" width=\"2000\" height=\"1335\" srcset=\"https:\/\/cbleon-abogados.com\/wp-content\/uploads\/2022\/12\/casos-de-divorcio.jpg 2000w, https:\/\/cbleon-abogados.com\/wp-content\/uploads\/2022\/12\/casos-de-divorcio-300x200.jpg 300w, https:\/\/cbleon-abogados.com\/wp-content\/uploads\/2022\/12\/casos-de-divorcio-1024x684.jpg 1024w, https:\/\/cbleon-abogados.com\/wp-content\/uploads\/2022\/12\/casos-de-divorcio-768x513.jpg 768w, https:\/\/cbleon-abogados.com\/wp-content\/uploads\/2022\/12\/casos-de-divorcio-1536x1025.jpg 1536w, https:\/\/cbleon-abogados.com\/wp-content\/uploads\/2022\/12\/casos-de-divorcio-370x247.jpg 370w, https:\/\/cbleon-abogados.com\/wp-content\/uploads\/2022\/12\/casos-de-divorcio-760x507.jpg 760w\" sizes=\"auto, (max-width: 2000px) 100vw, 2000px\" \/><figcaption id=\"caption-attachment-33709\" class=\"wp-caption-text\">divorce cases<\/figcaption><\/figure>\n<h3><span class=\"ez-toc-section\" id=\"Mortgage_with_two_holders\"><\/span><span style=\"color: #000000;\"><strong>Mortgage with two holders<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"color: #000000;\">When the mortgage has been formed by the couple, they will be able to agree in the partition which of them will assume the obligation in its entirety. Accordingly, you will be responsible for the monthly payments and at the end of the commitment require the release of the mortgage.<\/span><\/p>\n<p><span style=\"color: #000000;\">On the other hand, and for strictly banking purposes, the pertinent modifications will be made to the contract, beginning with the substitution of one of the contracting parties. The bank will require a guarantee from the obligor to ensure his or her ability to pay and will also demand a commission and an <a href=\"https:\/\/www.cbleon-abogados.com\/en\/advice-on-real-estate-law-and-construction\/\">appraisal of the property<\/a>.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Mortgage_with_a_single_holder\"><\/span><span style=\"color: #000000;\"><strong>2. Mortgage with a single holder<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"color: #000000;\">If the property is in the name of only one of the spouses, the matrimonial regime and the use to be made of the property must be followed. If separation of property is chosen, the house will belong to whoever bought it and is still paying for it. If you opt for a <a href=\"http:\/\/www.juntadeandalucia.es\/iamindex.php\/2013-08-08-10-31-21\/guia-juridica-sobre-violencia-de-genero-y-derechos-de-las-mujeres\/que-es-la-sociedad-de-gananciales\" target=\"_blank\" rel=\"noopener\">community of property<\/a>, the situation is different.<\/span><\/p>\n<p><span style=\"color: #000000;\">In this case, the mortgage will be in the name of the owner as long as it is the owner&#8217;s habitual residence, regardless of its use. For this reason, it may be the case that the payment commitment is assumed by someone who does not use the property.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Mortgage_with_divorce_and_children\"><\/span><span style=\"color: #000000;\"><strong>3. Mortgage with divorce and children<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong><span style=\"color: #000000;\">If this situation occurs, everything changes completely because the children of the couple come into play according to who assumes custody. The use of the property and the mortgage will be legally affected. As a general rule of law, minor children will stay in the home with the custodial parent.<\/span><\/strong><\/p>\n<p><span style=\"color: #000000;\">For this reason, it is necessary to point out that the respective payment of the monthly mortgage payments will be made by the owner, whether or not the owner lives in the property.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Other_possible_alternatives\"><\/span><span style=\"color: #000000;\"><strong>4. Other possible alternatives<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"color: #000000;\">If the former spouses prefer, they may request the competent court to decide to whom the property and the obligation to pay the mortgage shall correspond. They may also be inclined to a mutual <a href=\"https:\/\/www.diariojuridico.com\/category\/arbitraje-y-mediacion\/\" target=\"_blank\" rel=\"noopener\">mediation<\/a> in which the sale of the property and the subsequent cancellation of the mortgage are established.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mortgages in case of divorce Disagreements between couples are increasing dramatically. Divorce cases have increased in Spain to figures not seen in recent years. According to the Spanish National Institute of Statistics, this year the number of marital breakups amounted to 90,582 between annulment, separation and divorce. The aforementioned figures are not only centered on the capital city, but are&hellip;<\/p>\n","protected":false},"author":5,"featured_media":33703,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_joinchat":[],"footnotes":""},"categories":[170],"tags":[],"class_list":["post-33712","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/posts\/33712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/comments?post=33712"}],"version-history":[{"count":0,"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/posts\/33712\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/media\/33703"}],"wp:attachment":[{"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/media?parent=33712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/categories?post=33712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/tags?post=33712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}