If a home goes into foreclosure how will that effect someone who is on the deed but not the loan?

Get Legal Help Today

 Secured with SHA-256 Encryption

If a home goes into foreclosure how will that effect someone who is on the deed but not the loan?

I am contemplating walking away from my home and I am the only borrower on the loan. My husband is on the deed. If he were to try to apply for a loan and purchase a home on his own, would this house show up or bring any problems for him down the line?

Asked on March 1, 2012 under Real Estate Law, California

Answers:


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.

Get Legal Help Today

Find the right lawyer for your legal issue.

 Secured with SHA-256 Encryption