The best thing to do is to check with a Realtor in your area. They are trained specifically in Real Estate in your State. Be sure to give specifics when you contact them. Are you selling it the house or condo, divorcing, relocating, etc. Let me know if you hear of anyone buying or selling in St. Louis, MO. (314) 223-4687.

The main issue will be who is on the mortgage and note. The bank is the one that will report the credit update when foreclosed. However, the attorney when filing the first legal action will file on anyone they think could have a ownership in the property.Thus from the public record anyone who has a foreclosure action filed on will be avaiable for the credit rating companies to reflect own their credit report. This means that you will most likely have to respond to issues on the credit report to clear up any misunderstanding and maybe get someone to assit clean up the issue. A good loan officer or credit repair person should be able to help and guide you through this.

The issue is only the income from one person can be used when applying for a loan. The person who got foreclosed will not be able to apply for a loan up to 5 years according to the fnma underwriting guidelines.

Good luck

In the state of Missouri, once you are married, you own property jointly. Hence, any property that you or your spouse own in the state of Missouri you both own half of whether it was purchased before you got married or after you got married. If it's foreclosed on, you are both foreclosed on. You need to be talking to a real estate person who can guide you through the process to protect both your interests

You need to have your credit reports pulled separately. That will tell you a lot about how much of your credit has been inter-mingled during your marriage.