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What happens when you have 2 homes one in your name and one in yours and your wife's name and the first one gets forclosed on?
Wiki User
∙ 16y ago
You lose that home, whoever had their name on the foreclosed home has a blight on their credit, and will be liable for any money not covered by the eventual resale of the home by the lender. Nothing happens to your other home.
Wiki User
∙ 16y ago
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