Legal Question in Real Estate Law in Indiana

Forclosure

I am going to be married in less than a month. My Fianc� is going through forclosure on his home. What will this do to my credit and our chances of buying a home in the future?


Asked on 3/30/09, 1:23 pm

2 Answers from Attorneys
Jay Rigdon Rockhill Pinnick LLP

Re: Forclosure

This will affect his credit, which means it may make it harder for the two of you to buy a home together in the future. It has no direct upon your separate credit.

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Answered on 3/30/09, 2:36 pm
Burton Padove Indiana and Illinois Lawyer, Burton A. Padove

Re: Forclosure

It does not effect your credit. However, if your income is not sufficient for a loan in your own name on a new home, you may have difficulty obtaining a mortgage with him.

Perhaps you can help in reworking his loan.

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Answered on 3/30/09, 9:16 pm


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