How does foreclosure affect my credit if a divorce follows?
My husband and I are looking at a possible forclosure. He wants to give the house up. I want to keep it. We have enough money to make payments now, but he wont agree to pay the mortgage company. Our relationship is already on very shakey ground and in danger of collapse. My concern is if we split, how will a foreclosure affect my ability to find a place to live, get a job, buy a car, or just get credit? He is the one with the income, I have been a stay-at-home mom for 22 years.
Asked By: jen t - 5/30/2008
Best Answer - Chosen by Asker
WOW, are you in a pickle !!! Now, I am assuming you and your husband are both on the note and you are in a community property state and have co-mingled your funds without a prenuptial agreement. As most of us have done... More
Answered By: Lori N - 5/30/2008
Additional Answers (3)
If you are on the mortgage note...it will affect you in the same way it will affect your husband...very negatively.
Answered By: reenzz - 5/30/2008
It WILL affect you. Did you know differences in ways of dealing with money and financial matters is the #1 cause of marital discord?
Answered By: estielmo - 5/30/2008
Do nothing until you talk with an attorney so that your interest in the property is protected. A judge may force a sale, so that at least you get some of the equity. Or, the judge may award you the home and make the spouse pay the note.
Answered By: Miss V - 5/30/2008
$21/hr Start, Avg Pay $72K/yr Check Our Map of the 1700 Openings.
We need people to fill a number of positions at Home
Click. Search. Apply. Free!
New job opportunities added daily. Search & apply for DC jobs now.
Other Career Questions
What jobs are there in the business field that are night jobs? Places and job titles please. Im have a BA in Business Admin and looking for a night job, already have a morning/day job.
Enumerate these jobs Say, patent application writting. patent application writing. In a company, what jobs are needed to keep confidential?
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.