Live in Massachusetts. I purchased a condo and it is in my name only. I got married and the condo remains in my name only. My husband co-signed on his nephews school loan and the loan is now delinquent and Fannie Mae indicates they can put a lien on my home. Can they do this even though the house is in my name only? Please help as I am being told many different answers. My husband and I talked about getting a divorce so they won't be able to touch my home - is this correct?
p.s my husband is blind and collects SS.
2 Answers from Attorneys
Generally - no.
Fannie Mae is a mortgage company (government backed). They do not deal in student loans. In any event, your husband does not own your condo, and all his income is likely exempt. Thus, your condo is safe.