Foreclosure Question

libby73

If your dh had a house before you got married & you never put your name on the mortgage, if the house was foreclosed on would this affect your credit?

LucyGoosey81

I wouldn't imagine it would.  People buy houses under one person's name all the time.

Doozieanne

My name isn't on our mortgage and it doesn't show up on my credit...but shows on DH's...even though we are married. So I am guessing it shouldn't.

Nancy_Louise

I really wouldn't think so.  My DH had a car under his name.  It got paid off when we were married but it doesn't show on my credit.

femmeftle9

No. DH's condo ended up being foreclosed on after we were unable to sell it or rent it out and break even.

My name was not on the condo or the TH we reside in now, and my credit has not been affected. At this time we're using my credit for things until his recovers. HTH.

Sharon&Paul

We are dealing with the same issue right now. My husband had a rental property before we got married. It has decreased in value by almost 50%. We are unable to rent it and break even, so we are currently trying to short sale it. His credit score is recked, but I recently mortgaged our house in my name sole. None of his past or present showed on my credit report.