If a collector wishes to charge (collect from) a particular owner, unless the other owner is legally bound to share assets, like a marriage or subsidiary company, than the debt is only against the debtor's interest.

I know here that the division of assets in a divorce have forced liquidations of assets when held individually outside the marriage?

Well, Newton would sometimes sleep over there and a few nights a week Newton’s daughter (from a previous marriage) would stay with him as well.

It took us a year; we did a lot of the work ourselves, and eventually finished the house with our 2 year-old marriage still intact.

" :)My husband and I simply lived very frugally the first few years of our marriage in order to save up enough money for our first buy and hold rental.

what about common law marriages?

However, after marriage and children, I put my dreams on hold in search of what I thought was stability by way of a regular occupation.I've had a passion for real estate since I was 19 years old, but I've either been afraid to start, affected by the slow process, or allowed adversity to derail my plans.My goals are to get my Real Estate License, and work my way up to be successful on the retail side as well as the investor side.

Marriage at 17, not needed. ;)

Similarly, if you were only using the credit cards for rehab costs, that also likely wouldn't be a problem.In community property states, spouses are jointly liable for most if not all debt incurred by either spouse during the marriage regardless of whether the debt is only in the name of one spouse.

Common sense needs to prevail when a property is in that bad of an area and that much underwater with that much damage.It's not worth the health of your marriage and your families needs as that property might not ever recover to a break even point to get rid of it.