How Is a Mortgaged Home Divided During Divorce in Kazakhstan?
If an apartment or house was purchased with a mortgage during marriage, it is usually considered marital property. This means both spouses may have rights to it, even if the property is officially registered only in one spouse’s name. However, dividing a mortgaged home is more complicated than dividing ordinary property. The property is pledged to the bank, so the court must consider not only the spouses’ rights, but also the outstanding mortgage debt, the loan agreement, and the bank’s interests.
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