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Are you responsible for your dead spouses credit card debt if you own a house together?
Wiki User
∙ 12y ago
Your dead spouse's estate is responsible for the credit card debt. In practice, this may amount to "you are responsible for it."
Wiki User
∙ 12y ago
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Are both spouses responsible for a government lien on a house if only one of their names is on the house?
Both spouses are responsible for the DEBT represented by the lien, but the lien can only attach to the interest of whoever is actually on title to the property.
What insurance pays off a house in case of a spouses death?
Credit Life Insurance.
If both spouses own the house but only 1 spouses name is on the deed to the property how is it divided in Virginia?
it's your house. it's your house.
If the house is in your spouses name but you are on the deed can it boost your credit score?
Nope. The lender (mortgage company) is the entity that reports information to the credit agencies, so if your name is not on the loan documents the home will not affect your credit. Being on the deed gives you rights to the property but is not a credit trade line.
Why do i need great credit?
If you want to buy a car or house you need good credit. Some employers run a credit check to determine if you are responsible. Insurance companies run a credit check for you to get insurance.
What happens if you sign off on a house during a divorce and your ex cannot refiance Does giving him the house mean he is responsible for the mortgage payments.?
As long as the loan remains in joint names, both parties would probably still be considered responsible for the repayments by the credit provider. Which means that, from a credit reporting point of view, both spouses could still be held liable for defaulted payments etc, even in cases where there's a family court order or something in place. At least, that's in Australia, it may be different in other parts of the world.
What happens if you are a cosigner on a house that is being foreclosed on?
The foreclosure will affect your credit record. You are fully responsible for paying the loan.
If the house is in your spouses name but you are on the deed does it affect your credit after foreclosure?
I too have had this question. After searching the net and asking some people I know who deal a lot in real estate, I have come to the conclusion of - NO. As long as your name and SS# are not attached to the loan you are not considered responsible because this asset in your spouse's, not yours. I am by no mean an expert but have done a lot of research.
Are you responsible to pay the mortgage after foreclosure?
No. The bank owns the house after foreclosure. But your credit report will take years to fix. Good luck.
Can Liens by credit card companies be placed on jointly owned property?
Yes. My husband had credit card debt from before we got married and purchased out house. It turned into a judgment lien and not it's attached to the house we bought together even though the house is in both our names and I had nothing to do with the credit card.
If a husband and wife own a house together then the husband buys another house for rental property but the wife is not on the deed is she still part owner in Texas?
Legally spouses share all property equally, what is owned by one is the property of both.
What is the House of representatives role in Australia?
Together with the Senate, the House of Reps constitutes the parliament, which is responsible for passing laws in issues that the commonwealth have power over. The House of Reps is also where it is decided who will for government.
