If both names are still on the loan, it effects both people.
were being foreclosed on our home. will the credit union come after us if we take out the cupboards and vanities?
The only two disadvantages in buying a foreclosed property: #1. Tou have to put a mandatory 10% down. #2. The property may have some minor damages due to the prior owner being upset of being foreclosed upon.
Yes you can
If you are being foreclosed on you likely have a lot of things on your mind. One of those things is to know how much time you have from the time you are foreclosed on until you need to be out. In Missouri that time is 80 days.
Some national events that happened in 1997 include Bill Clinton being inaugurated for his second term and divorce becoming legal in Ireland.
If it is not specified in the contract then it is likely at the descretion of the lender.
The foreclosure will affect your credit record. You are fully responsible for paying the loan.
Either attempt to renegotiate the terms of your mortgage with your lender or file for bankruptcy.
The bank does not care who holds the mortgage. If the loan is not being paid, it can be foreclosed on.
Legally, you transition from being divorced to being single once the divorce is finalized and officially recognized by the court. This typically happens when the divorce decree is issued.
I would think so. Though the bank should be using all means possible to get that cash from you to pay for your currently foreclosed house. Even if they don't, paying in full with cash for anything will always be accepted.
You cannot get a divorce without being married first.