Saturday, November 19, 2011

Can I buy a house if my husband is foreclosing on his old property?

My husband bought a house before we were married, and he is in the beginning process of a foreclosure. My name is not on the loan and I am looking to buy a house with my parents. We were pre-approved and the broker said his loan wouldnt affect me. I just want to know if there is any way that his foreclosure could hold me back or show up if I try to purchase the house since we are married and file our taxes jointly under that address.|||Doubtful. Not your loan; not your credit.|||T is right. It is best to have attorney before buying a house because it can complicate things with your husband. Anyway, If you are still searching for a house, look for the nice looking safety house. : )|||if you are in a community property state or a dower state then they can attach a default judgment to the new property that will get paid if sold or refinanced as the day you move into it as husband and wife he is a joint owner by law|||As long as he is not on the application, or the deed, it will have no effect on your loan, and your property is secure against any legal suits he may face in the future.|||Honestly no because they will put a lien on your new house because you are both married. It is risky so be careful. What I recommend is that you contact an attorney. An attorrney will advise you on what could happen|||You do not have to have your husband on the loan, but T raises a good point.

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