Colli Real Estate

Divorced … mortgage remains liable with her former husband. Interior went to foreclosure. Ramifications?

Divorced … Mortgage the house is still responsible for her husband. Interior went to foreclosure. Are there tax consequences? Bank always comes after Moi? Can they go after my 401? I use my 401 for help to live while attending nursing school. Am I obliged to declare bankruptcy and debt, but can still pay these bills. Simply can not afford the loss of home value. He lives in Maricopa County, Arizona.

You will participate in the foreclosure as if they were still married (all hits to his credit, confiscation of property and bank accounts, etc..) However, you can not touch your retirement account. It's as if you have not made money yet. Since you are in a divorce, which is regarded as a problem for you to enjoy a short sale, a lot of success, less than its credit and debt forgiveness. Contact your lender to see if they will accept a short sale instead of foreclosure.

Arizona Bank Foreclosures – AZ

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