I have a mortgage on my report. I no longer pay the mortgage as I gave it to my ex-wife in our divorce, but I am still on it nonetheless.
Since it is a joint account, if I am applying for a loan, how do lenders view it? Would they view all of it as being my debt, or just half of it my debt? The mortgage is $1200 a month and it puts me at 37% debt to income ratio, 1% over the 36% ratio limit most like to see. I have no other debts.
Thanks!