My wife and I live in a house that we can no longer afford due to having two children. My neighbors house is in short sale and the realtor is our other neighbor. the house in short sale is SIGNIFIGANTLY cheaper and my wife already got pre-approved for a loan in only her name for the short sale house.
Our current house is in only my name on both the deed and the loan. We weren't married when we bought the current house so she isn't on any paperwork at all. However the realtor said that since we are married now I will have to be on the deed to the new house but not the loan.
If we cant sell our current house and it forecloses what kind of problems could I be looking at with my name on the deed to the new house?
Our current house is in only my name on both the deed and the loan. We weren't married when we bought the current house so she isn't on any paperwork at all. However the realtor said that since we are married now I will have to be on the deed to the new house but not the loan.
If we cant sell our current house and it forecloses what kind of problems could I be looking at with my name on the deed to the new house?
