Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 16 years ago on . Most recent reply

User Stats

1
Posts
0
Votes
Jennifer London
0
Votes |
1
Posts

Spouses responsibility in a foreclosure

Jennifer London
Posted

I purchased my condo in 2005, when I was single. I lost my job in 2006 and found another job within 7 weeks but had to take a $30K cut in salary. In order to keep my home, I have acquired a great deal of credit card debt. I have hung onto my property until 5/08 when I made the decision to stop paying my mortgage- not just due to my financial situation but because of 4 other foreclosures in the building (all 4 owners are not paying their dues and it's only a 14 unit building). My husband and I married 9/08 and I was just served foreclosure paperwork on 12/16. My husband is a foreign citizen and we are in the process of petitioning for him to receive a work Visa so he can live and work here. As of this date, he is not a U.S. citizen yet.

My question is this- will my husband be liable for any debt from this foreclosure? Again, his name is not listed on the promisary note when I signed it in 2005. He is concerned as he owns property outside of the U.S. and we are worried the courts will be able to acquire his property. We did not sign a pre-marital agreement either, keeping our assets separate.

Loading replies...