Social Security number
Question
Can I get a mortgage since my wife bankrupt?
My wife bought a condo that was later worth pennies with the real estate market going down. My wife has recently foreclosed and filed bankruptcy on the condo so the lender could not go after her for interest, attorney fees. I was NOT on the mortgage or deed. I have money saved to buy a new house, however wonder if my wife's foreclosure will affect me. I did not bankrupt with her, and I have good credit. My wife will not be on the mortgage. When my wife first bought the condo we were alread married and her lender did NOT inquire about me at all such as social security number, income, etc since I was not to be on the mortgage. Therefore I expect the same with her since she will NOT be on the mortgage --- Does anyone know if my wife's foreclosure will affect me buying a new house since it has only been about 6 months since I lived there? I mean we DO NOT live in a community property state- IL. Thanks We do live in a community property state. Thanks.
5 months ago - 5 answers
Best Answer
Chosen by Asker
Mortgage loans are very easy to get. Since you secure some property to the lender they would be happy to give you loan. All you have to do is to get the best mortgage interest rate. Try to get quote from as many as lenders as possible and then you can apply online. Getting a mortgage loan online is the best option to get a good interest rate. I hope loan-guides ... will help you in getting a mortgage loan online.
by Udaya
5 months ago
Asker's Rating: 
Other Answers
No it won't as long as she is not party to the transaction.
by Gregory- 5 months ago
Your credit is completely seperate from your wifes...her bankruptcy will not effect you
by sugarmomma- 5 months ago
Are you in a community property state? That could have an impact on the process.
by Bailey S- 5 months ago
In Bankruptcy she is the only one affected by the poor credit standing. If you have good credit you can buy something else. I hope she knew what she was doing by filing the bankruptcy. In some states she would not be liable for the deficiency on the mortgage. If that was her only debt, and she wasn't liable,bad call. If she had a lot of credit card debt it would make sense. Tim Cook www.timcooklaw.com
by debttaxguy- 5 months ago