Can shared ownership of a house after divorce hurt me? | NC

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Q: Can shared ownership of a house after divorce hurt me if the other person makes late payments or lets the property fall into bad condition? A: Yes — it can. If your name is still on the loan, late mortgage payments can hurt your credit even if the other person is the one living there or supposed to pay. And if the home is neglected, its value can drop and make a later sale harder. If you…