If I was married to the man who owned a house, and my name was not on the loan, will it affect my credit to just walk away from the house?

If I was married to the man who owned a house, and my name was not on the loan, will it affect my credit to just walk away from the house?

I’ve been living in it, making payments to get my daughter graduated but when she graduates this summer, I don’t wish to stay here. My name is not on the loan and I can’t even sale the house without going through some process to have authority over the account. How would just leaving affect me?

Asked on February 3, 2014 under Estate Planning, North Carolina

Answers:

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