Wednesday 25 March 2015

My fiance' has a home that is pending foreclosure. If we get married before the foreclosure is final, how will that affect me?

Question

My fiance' has a home that is pending foreclosure. If we get married before the foreclosure is final, how will that affect me?



Answer

While I would certainly suggest that she does a short sale or loan modification to avoid the foreclosure, you are not personally obligated on the note thus they cannot "sue" you or come after you for a deficiency. However, I have seen times when and "innocent spouse" is denied for their own mortgage due to a foreclosure by the spouse. Regardless, her avoiding the foreclosure is good on both ends. Let me know if I can help any further- Justin Clark www.youhavepower.com



No comments:

Post a Comment