Posted on: 29th Nov, 2009 12:30 pm
i am on a mortgage that is my ex-husbands primary residence. he couldn't refinance and has since gone into foreclosure and is filing bankruptcy.since my name is on the mortgage will i have to file and can they go after my personal assests??he is also on my mortgage and i could not refinance-but our divorce decree states we kept our residences and have no stake in each others properties-and we filed quit claim deeds.
>>will I have to file and can they go after my personal assests??
You won't have to file, but your credit is impacted and the mortgage lates and foreclosure will apply to you and him. Additionally, he gets a bankruptcy on his credit reports.
>>can they go after my personal assests?
No, just the house/collateral.
You won't have to file, but your credit is impacted and the mortgage lates and foreclosure will apply to you and him. Additionally, he gets a bankruptcy on his credit reports.
>>can they go after my personal assests?
No, just the house/collateral.