If I foreclose on my home will my spouse be held responsible? He did not sign the loan papers, but i

If you are in a community property state then yes, you own the assets and the debts equally.

If I foreclose on my home will my spouse be held responsible? He did not sign the loan papers, but is on title

Not sure what state you are in, but how it usually works is your debt automatically becomes your spouse%26#039;s problem and vice versa - in the same way your property become%26#039;s y%26#039;all%26#039;s property.

marriage is a legally binding contract, just like a business.

If I foreclose on my home will my spouse be held responsible? He did not sign the loan papers, but is on title

He probably won%26#039;t be held legally responsible for the actual debt, but your credit records are usually merged, so it will affect his rating. Check with a lawyer for exact details.

If I foreclose on my home will my spouse be held responsible? He did not sign the loan papers, but is on title

he is a co owner of the property,,, but not ,liable for the loan

note ... but the property held as an asset will be taken from both of u

If I foreclose on my home will my spouse be held responsible? He did not sign the loan papers, but is on title

I was once in your situation. Don%26#039;t worry, everything will work out for you =)

A year ago I found this organization that gives people up to $1500 in renter or mortagage assistance! They operate in most US cities, I highly suggest you try to get some of this money.

http://www.rent-mortgage-help.org

Good Luck!

If I foreclose on my home will my spouse be held responsible? He did not sign the loan papers, but is on title

I was once in your situation. Don%26#039;t worry, everything will work out for you =)

A year ago I found this organization that gives people up to $1500 in renter or mortagage assistance! They operate in most US cities, I highly suggest you try to get some of this money.

http://www.home-help-assistance.org

Good Luck!