Feb

3

Will foreclosure affect my new husbands credit, he is not on the house or loan?

Filed Under Foreclosure 

mookline asked:


I am remarried. I still own a home with my ex that we have been trying to sell but have not had any luck. My ex will not help with the house and I have come to the end of being able to financially carry the house. If foreclosure happends, will it afffect my new husband credit?

Drew
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Comments

5 Responses to “Will foreclosure affect my new husbands credit, he is not on the house or loan?”

  1. MVD34 on February 6th, 2010 11:46 am

    Joye

    No.

    Not if his name isn’t on the mortgage.

  2. JJ's mom on February 9th, 2010 7:58 pm

    Katrice

    If you are married, then Yes. Unless all loans that you ever apply for – forever – are totally separate.
    My and my husbands credit is totally tied together, and until he was divorced, his credit was tied to his ex-wifes.
    The mortgage I would hope would not affect his personal credit, but any loans you two apply for together – it will determine eligibility.
    IE: He applies for a mortgage loan, but needs your income to prove eligibility. It will affect that.

  3. Hardly on February 10th, 2010 7:49 pm

    Lovella

    No, it will not affect his credit. The above poster is saying that – if you two decide to go in together to obtain credit, THEN it may cause issues there, but no, it will absolutely not affect HIS credit.

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    Leroy

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  5. Victor on February 16th, 2010 11:22 am

    Argentina

    You can use this credit monitoring service to pre-estimate future scores for different scenarios of such payments – buildcredit.ifastnet.com