http://wiki.answers.com/Q/Can_a_lien_be_put_on_a_married_couple%27s_house_to_pay_back_credit_card_debt_even_if_the_card_is_only_in_one_name"
If you are surrendering your house anyways, it is usually better for your credit score if you do it through bankruptcy. If your house is foreclosed on before you file bankruptcy, then your credit score is hit by both the foreclosure and the bankruptcy. If you let your house go back through bankruptcy, instead, then your credit score is only hit by a bankruptcy.
Your occupation is irrelevant. It's your credit rating and ability to pay back the debt that matters. Nobody is going to give you credit unless you have some means of paying it back -- even if it means losing your house. It doesn't matter if you're an athlete or an astronaut. If you have assets, you can get credit.
To get married in an Arlington court house, you first must go to the court house and apply for a marriage license. Once you have your license, you can go back for a civil ceremony.
A homeowner can receive tax credit claims by selling a house in order to recover back rent. When the house sells, the only thing that must be repaid is the amount of gain on the sell.
What's the Alternative - 2007 Back Together for Couples was released on: USA: 5 November 2007
The lender can foreclose the mortgage and sell the house to recoup its losses. You would lose the house. Your credit rating will plummet.
which bank in Pakistan are working on back to back letter of credit?
A foreclosed home can take seven years before it is taken off your credit report. You can build your credit back up in about three years if you continue to pay all your bills on time.
Yes. Answer {| |- | This is where you are unable to pay for the house and you voluntarily give the house back to the lender. This is subject to a deficiency judgment yet counts as a "less serious" foreclosure on your credit. However, you lose your greatest asset, your home. |}
The main reason for couples divorcing may vary. One of the main reasons for couples divorcing today is because of financial mishaps and mistakes. Since the economy is severely going through trouble, couples today are vulnerable to divorce. Couples divorcing because of financial problems may be because somebody didn't handle the credit card too well or someone couldn't pay the bank back or somebody ruined somebody else's credit score. Another reason for couples divorcing is because they are truly incompatible. To save a marriage, it's best to know if you both have similar likes and dislikes instead of different likes and dislikes. It's key for a couple to know that they are both compatible. A strong start off financially, armed with knowledge about finance and a strong compatability rate can save marriage,heartache and stress.
If you default on your mortgage and go into foreclosure, the bank can seize your house. The consequences are that this is a horrible thing to have on your credit record; it will make it very hard for you to get credit for years to come, and any credit you do get will cost you far more because you'll be offered terrible interest rates. You'll be better off if you can sell your house than if you let the bank take it.
During the housing boom, it was easy to buy a house with no money down. However, the disastrous consequences of that have caused lending to be tightened. The best way to buy a house with no down payment in today's market is to purchase a small house and use a loan with large, stable payments. This reduces the risk to the bank, and makes it clear they will get their money back. It is necessary to have good credit as well, so one should repair their credit or cultivate good credit beforehand if they want to buy a house in such a manner.