In a divorce, mortgage lates can cause long lasting catastrophic problems for your credit. You can’t ever rely on verbal agreements during a divorce when it comes to your home. I can’t stress that enough. You may think as long as you are out of the home you are not responsible for the mortgage payment…but that is a mistake.

I found a Real Estate agent turned mortgage book author who wrote a book titled, “Theft By Mortgage”. Boy was I shocked to learn his mortgage book warns about yield spread premium!