Foreclosure in Poughkeepsie>Question Details

jaykolkmann, Home Buyer in 12601

my wife's name is on the mortgage and deed. she is not on the note. if I foreclose on the house will it affect her?

Asked by jaykolkmann, 12601 Wed Oct 10, 2012

Help the community by answering this question:

Answers

5
The best thing for you to do is consult a real estate attorney. Good Luck
1 vote Thank Flag Link Wed Oct 10, 2012
It will affect her credit as her name is on the mortgage & deed. Try some other alternatives like a Short Sale.
0 votes Thank Flag Link Wed Oct 24, 2012
An attorney can better advise, consider a consultation....
0 votes Thank Flag Link Wed Oct 10, 2012
You may want to consider a short sale - foreclosure should be avoided if at all possible.
0 votes Thank Flag Link Wed Oct 10, 2012
She will lose the house and it "may" show up on her credit report.
0 votes Thank Flag Link Wed Oct 10, 2012
i understand that she would lose the house. but i have had the mortgage for 6 years now and the loan is only on my credit report. my attorney that did the closing, and my bankruptcy attorney don't know the answer for a 100 percent fact
Flag Wed Oct 10, 2012
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer