Posted on: 16th Mar, 2008 09:48 pm
My husband and I were in the middle of a divorce when I purchased a condo in early 2006. The deed was recorded in my name as "a single woman" and the loans were drawn up accordingly. This was my primary residence for close to two years.
Now we've reconcilled and it looks like the home is going to go into foreclosure with a purchase money first and second on the line :oops: . Will our reconcilliation have any bearing on the how the debt is treated?
Now we've reconcilled and it looks like the home is going to go into foreclosure with a purchase money first and second on the line :oops: . Will our reconcilliation have any bearing on the how the debt is treated?
No I don't think your reconciliation will have any bearing on the way the debt is treated except that if your husband pays along with you, then perhaps you can save your home from being foreclosed. This is the easiest way I suppose.
Thank you James; I appreciate your time.