Posted on: 05th May, 2012 03:51 am
My fiance lost his home to foreclosure over a year ago he received a 1099 stating what he owed and what the value of property was but it still has not been sold. Myquestion is we want to get married but are afraid that if they come after him for the difference if it sells at a lower price than he owes are they then able to come after any assetts that I have and effect my credit basically will us getting married make me reliable for the debt also? We live in Michigan loan is through Citi Thanks for any help in advance.
Hi froggirl,
Your fiancé's creditors won't be able to come after any of your assets unless both of you are joint borrowers of the loan. You won't be liable for his own debts.
Your fiancé's creditors won't be able to come after any of your assets unless both of you are joint borrowers of the loan. You won't be liable for his own debts.