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If divorce is in the process of being finalized and niether spouse can afford the house payments is foreclsure one possible solution and what are the risks vs. selling home at a loss?
Wiki User
∙ 15y ago
Certainly, foreclosure is an option.
It is one that would result in a negative impact on your credit rating.
That is, an impact for all parties named in the mortgage.
It would be better to pool resources to keep the house,
but selling the house at a loss seems more desirable
than a negative impact on one's credit rating.
Wiki User
∙ 15y ago
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an educated guess about a possible solution to a mystery or problem is a theory.>>> hope this helps .
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