Carollynn2
Jan 10, 2013, 11:41 AM
My husband have a home in Florida that is not in the rears yet. We are leasing to sell it to a couple so we can leave this high priced state and maybe have a better life somewhere else. My husband needs to retire, he's 68. I am on disability for years now. My problem is that we have a lot of credit card debt. We are paying all of them now but when my husband retires I'm not sure if we can pay them all and may default..
I am wondering if we do default in 6 months or so, will the credit card people be able to get a judgement and put a lien on our house? We can't sell it now or probably in 5 years because of being so upside down on it ! I don't want to put the people who want to lease to buy our house in harms way either... Also, I'm on my mothers house and bank acct. and car for legal reasons. Can a credit co. get a judgement against her bank acct, car and house, or If this all happens do I need to take my name off her things?
I am wondering if we do default in 6 months or so, will the credit card people be able to get a judgement and put a lien on our house? We can't sell it now or probably in 5 years because of being so upside down on it ! I don't want to put the people who want to lease to buy our house in harms way either... Also, I'm on my mothers house and bank acct. and car for legal reasons. Can a credit co. get a judgement against her bank acct, car and house, or If this all happens do I need to take my name off her things?