Comments on: How does foreclosure affect my credit if a divorce follows? http://www.creditmechanics.com/foreclosure/how-does-foreclosure-affect-my-credit-if-a-divorce-follows?utm_source=rss&utm_medium=rss&utm_campaign=how-does-foreclosure-affect-my-credit-if-a-divorce-follows Helping People With Their Credit Wed, 29 Apr 2009 13:14:12 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Miss V http://www.creditmechanics.com/foreclosure/how-does-foreclosure-affect-my-credit-if-a-divorce-follows/comment-page-1#comment-79 Miss V Fri, 30 May 2008 22:07:31 +0000 http://www.creditmechanics.com/foreclosure/how-does-foreclosure-affect-my-credit-if-a-divorce-follows#comment-79 Do nothing until you talk with an attorney so that your interest in the property is protected. A judge may force a sale, so that at least you get some of the equity. Or, the judge may award you the home and make the spouse pay the note.<br><b>References : </b><br> Do nothing until you talk with an attorney so that your interest in the property is protected. A judge may force a sale, so that at least you get some of the equity. Or, the judge may award you the home and make the spouse pay the note.
References :

]]> By: Lori N http://www.creditmechanics.com/foreclosure/how-does-foreclosure-affect-my-credit-if-a-divorce-follows/comment-page-1#comment-78 Lori N Fri, 30 May 2008 21:02:22 +0000 http://www.creditmechanics.com/foreclosure/how-does-foreclosure-affect-my-credit-if-a-divorce-follows#comment-78 WOW, are you in a pickle !!! Now, I am assuming you and your husband are both on the note and you are in a community property state and have co-mingled your funds without a prenuptial agreement. As most of us have done !!! In short, you and your husband are equally liable for any and all debts and are entitled to half of any and all assets. (1) Call a Reputable Broker/Agent ask for a CMA or a Comparable Market Analysis. Most do this for FREE (hoping you list with them) (2) call your bank request a "30 day pay-off" and ask them to mail you a "hardship package" , (a knowledgeable agent can do this for you, but you can do it yourself). You really need to know these details and how much if any equity you have in the house before you can make a good decision !! NEGOTIATE with your bank/lender BEFORE its too LATE! In addition, you may want to do what it takes to STOP the foreclosure !! Contact a Bankruptcy attorney, and maybe even a divorce/family attorney for a confidential consultation ----your husband may be in shock when he finds out that he MAY be "OBLIGATED" to pay you child support and/or alimony maybe even equal to or MORE than the current house payment, for a certain period of time to allow you to get a job or learn a trade or other means of producing your own income. - Time is of the essence - Now is the time to muster ALL your strength and take a stand -<br><b>References : </b><br> WOW, are you in a pickle !!! Now, I am assuming you and your husband are both on the note and you are in a community property state and have co-mingled your funds without a prenuptial agreement. As most of us have done !!!

In short, you and your husband are equally liable for any and all debts and are entitled to half of any and all assets. (1) Call a Reputable Broker/Agent ask for a CMA or a Comparable Market Analysis. Most do this for FREE (hoping you list with them) (2) call your bank request a "30 day pay-off" and ask them to mail you a "hardship package" , (a knowledgeable agent can do this for you, but you can do it yourself). You really need to know these details and how much if any equity you have in the house before you can make a good decision !!

NEGOTIATE with your bank/lender BEFORE its too LATE!

In addition, you may want to do what it takes to STOP the foreclosure !! Contact a Bankruptcy attorney, and maybe even a divorce/family attorney for a confidential consultation —-your husband may be in shock when he finds out that he MAY be "OBLIGATED" to pay you child support and/or alimony maybe even equal to or MORE than the current house payment, for a certain period of time to allow you to get a job or learn a trade or other means of producing your own income.
- Time is of the essence – Now is the time to muster ALL your strength and take a stand -
References :

]]> By: estielmo http://www.creditmechanics.com/foreclosure/how-does-foreclosure-affect-my-credit-if-a-divorce-follows/comment-page-1#comment-77 estielmo Fri, 30 May 2008 20:27:52 +0000 http://www.creditmechanics.com/foreclosure/how-does-foreclosure-affect-my-credit-if-a-divorce-follows#comment-77 It WILL affect you. Did you know differences in ways of dealing with money and financial matters is the #1 cause of marital discord?<br><b>References : </b><br> It WILL affect you. Did you know differences in ways of dealing with money and financial matters is the #1 cause of marital discord?
References :

]]> By: reenzz http://www.creditmechanics.com/foreclosure/how-does-foreclosure-affect-my-credit-if-a-divorce-follows/comment-page-1#comment-76 reenzz Fri, 30 May 2008 20:22:00 +0000 http://www.creditmechanics.com/foreclosure/how-does-foreclosure-affect-my-credit-if-a-divorce-follows#comment-76 If you are on the mortgage note...it will affect you in the same way it will affect your husband...very negatively.<br><b>References : </b><br> If you are on the mortgage note…it will affect you in the same way it will affect your husband…very negatively.
References :

]]>