Debts and Credit
Will my fiancé's debt affect my house and equity after marriage?
My finance foreclosed on his home in California about 3 years ago. We are getting married soon. My concern is his debt will be my debt. I understand the bank can report the 'forgiven' amount to the IRS and he can be taxed on the forgiven amount. I have a considerable amount of equity in my house (only in my name). Is there ANY chance the bank or IRS come after my house or equity? Or can they come after me for the taxes owed?
Will my debt-free home be safe if my spouse faces bankruptcy?
My home is in my name only and debt free, my husband's partner is considering bankruptcy or foreclosure, will my home be safe?
What happens to the mortgage after my husband's death?
My husband is deceased and his name only is on the mortgage, my name, as his spouse, is on the deed. What consequences, as a result of his passing, will I be subjected to?
How can I remove a lien from my property after bankruptcy?
I claimed bankruptcy over 10 years ago and I kept my home and paid the mortgage, I had a second and third mortgage that now I am pay ing the thiird, the second lien holder went out of business and I had a attorney trying to find out where the debt went to, when he found out where the debt went to, they said they did not have me listed.What do I do to get that lien removed off my property?Thank you,
What happens to my mortgage responsibility if my daughter files for bankruptcy?
I am a co-signer for my daughter on a fixed home loan mortgage in Nevada. Daughter has taken all financial responsibilty for the loan and has been making all pmts on the loan for several years. My daughter is now considering filing for chapter 13 bankruptcy. If she does, what is my responsibility regarding the mortgage loan? would I be responsible for the existing loan payments? If so, it would be a financial disaster for me; I am retired and 68 yrs old.