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If "problems" means would the home be in jeopardy if a creditor sues and wins a judgment, it is possible. How the property is titled and state homestead laws determine what action a judgment creditor can take against a debtor's home not the mortgage agreement. For example, a home that is held jointly by a married couple as Tenancy By The Entirety is not subject to creditor action when only one spouse is the debtor.

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βˆ™ 2006-09-12 23:16:12
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Q: If a husband and wife are buying a home but only his name is on the mortgage will there be any problems if he is sued?
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If i buy a home in my name while separated can a lien be put against it if my husband's home is forclosed on?

It sounds like you are not on the mortgage with your husband on your previous home. If he is foreclosed on, and you are only on the deed, then you have no financial liability. If you are buying a new home and you are on the mortgage with your husband, you won't be able to get a mortgage because you are on the verge of foreclosing Be careful when buying a home while separated however. Depending on what state you live your husband may be entitled to half the equity in your new home in the event of a divorce. Its called community property Here is a list of community property states: http://www.bankapedia.com/mortgage-encyclopedia/residential-mortgage-terms/121-community-property


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A good way to get a cheap home mortgage is by buying a home that is small. The larger the house, the more the mortgage will cost. The mortgage depends on the size of the house.


What types of products does The Mortgage Works offer?

The Mortgage Works website offers mortgage advice and tips to people who are buying their first home. They also have worksheets and calculators for people to see what expenses they need to cover when buying a home.


Can I use a home mortgage calculator if I am buying a mobile home?

If you are financing it then yes you can use a mortgage calculator. You can find a free one if you go to www.bankrate.com.


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they will take the home away


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no but it can help you figure out how much you would pay and how much you can afford.


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A sub prime mortgage is a type of mortgage in which you are paying a lower prime rate for the home you are buying. You could seek financial information from an attorney or financial rep.


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your husband will be liable only if his name appears on the loan or mortgage documents as a co-guarantor of the loan


Why is buying a home such a major life decision?

Buying a home is a major life decision because it is a loan or mortgage you are likely going to have for a very long time. Many mortgage terms last 20 to 30 years, and that is a long time to be committed to one investment.


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What are different types of mortgages, and which is right for me?

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