I am recently married and live in my husbands home and we are trying to sell my home. It has been on the market for over a year and we just have had no luck selling it. My husbands name is NOT on the loan so if I have to foreclose on it will that effect his credit?

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Originally Posted by lilpalomino

I am recently married and live in my husbands home and we are trying to sell my home. It has been on the market for over a year and we just have had no luck selling it. My husbands name is NOT on the loan so if I have to foreclose on it will that effect his credit?

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I'm not a proffessional but from what I know of His name would have to be on the mortgage. Because I'm going through a foreclosuer and my husband is on the house so it will effect both of our credit.