Yes, unrelated people can qualify on the same mortgage.
Lenders base their decisions on the worst credit profile and total income.
No, credit is not ruined beyond repair, especially from credit events happened 12 years ago.
My recommendation: Talk to a lender that your real estate agent recommends and find out what they are willing to do for you. IF credit is still an issue, work with that lender to map out a plan to help you achieve your goals. If there are credit issues that need more attention, get a recommendation from your real estate professional for a credit repair company to help you. We regularly help motivated people who are willing to take the steps necessary to become homeowners in the future. Home ownership does not have to remain just a dream.
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Century 21 First Choice
206 Rockmont Drive
Fort Mill, SC 29708
E mail firstname.lastname@example.org
Website http://www.soldinrockhill.com & http://www.JesseNeely.com