December 10, 2007

How will having my house forclose effect me.My husband and I are seperated he lives in the house but is not paying the bills,it is also in my name.

He also has a business that is draining our finances, unfortunately in order for him to start his business five years ago I had to co-sign for all his loans. He had already defaulted on his government loan with my name included. How can I get out of this with out having to file bankruptcy.

please help, sincerely
diana

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December 12, 2007

Posted by TonyLiu

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A foreclosure will significantly lower your credit score in the short term and will remain on your credit history for 7 years.

You mention you are separated from your husband, are you legally separated? If you have filed for a divorce, how is the house in both of your names? From the little I know from above, you need to look after yourself. This means getting your husband out of the house and getting a tenant who pays rent in as soon as possible.

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How will having my house forclose effect me.My husband and I are seperated he lives in the house but is not paying the bills,it is also in my name.

You have to be a member to do that!

Existing users:

New users: