Ask Experts Questions for FREE Help !
Ask
    QuestionEmmy's Avatar
    QuestionEmmy Posts: 2, Reputation: 1
    New Member
     
    #1

    Oct 31, 2008, 09:55 AM
    How will my ex-husband's foreclosure affect my new husband?
    My ex-husband was ordered to refinance or sell our marital house in our dissolution decree. He couldn't refinance, so the house has been for sale for almost 9 months without a bite. My ex was late in paying the mortgage twice, and he doesn't have steady employment. I am worried that he may loose the house to foreclosure.

    I am now getting married to a man who has a house of his own. My question is this: If the house would go into foreclosure, could they take my new husband's house from him? My name is not and will not ever be on the mortgage or deed of his current house, or any house he purchases after being married.

    Thanks!
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #2

    Oct 31, 2008, 09:58 AM

    Your new husband's property has nothing to do with your ex husband.
    QuestionEmmy's Avatar
    QuestionEmmy Posts: 2, Reputation: 1
    New Member
     
    #3

    Oct 31, 2008, 09:58 AM

    By the way... we live in Ohio, if that matters.
    this8384's Avatar
    this8384 Posts: 4,564, Reputation: 485
    Ultra Member
     
    #4

    Oct 31, 2008, 02:06 PM

    No, it doesn't matter. The only person who will be affected by a foreclosure are the people listed on the deed and mortgage, which obviously, your new husband is not.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

How does death affect mortgage/foreclosure [ 3 Answers ]

I am a single female with an existing mortgage. If I die before my house can be sold does it automatically revert to the lender? If so, how long after death does the house need to be emptied by my relatives? I live in Florida.

Affect of Foreclosure on credit [ 1 Answers ]

I purchased a new home and have been trying to sell my old home 2 years. I have tried renting it, but the renters don't pay and I have had to spend money in court evicting them. It is getting to the point where it will be difficult for me to pay for both houses. Should I just let the house...

Will foreclosure affect other properties I own? [ 1 Answers ]

I have 2 properties. One is in the process of foreclosure. I would like to know how will this affect my other property. The second house is being rented and it is up to date on mortgage payments. Thank you.

Foreclosure process and affect on credit [ 1 Answers ]

I am current on my mortgage payments however, my supportive income has been lost due to our separation. We were not married and his name was not on my home loan. I have attempted to sell the house in the past with no luck. I'm raising my children alone and it will be a true struggle to make the...


View more questions Search