Posted on: 19th Mar, 2009 04:29 pm
I currently have student loan debt from before the (recent) marriage to my husband. We are getting ready to buy a home. He is purchasing the house with his credit and only his name will be on the loan. I was told that since he is married, my name has to be on the deed, too. If I became unable to pay my loans, does that mean that a lien could be placed on the house?
Hi lindsey,
As fr as I know they can place a lien on the property, if they find you are on the title to the house. However, if you choose to stay out of the title, there will be no scope for them to place a lien on the house due to a default student loan. I think you should discuss this with the lender who is financing the house so they allow the title to be only in your husband's name.
As fr as I know they can place a lien on the property, if they find you are on the title to the house. However, if you choose to stay out of the title, there will be no scope for them to place a lien on the house due to a default student loan. I think you should discuss this with the lender who is financing the house so they allow the title to be only in your husband's name.