ANSWERS: 1
-
If the home you are presently in is mortgaged with both of your names, you will not be able to put it in your husband's name only---that might trigger the mortgage company to call the loan due for the full amount. The best scenario would be to try to sell the first home. If you owe more than its worth, the next best thing would be to try to do a short sale, which would get you out of the property, and have less of a hit on your credit than a foreclosure.
Copyright 2023, Wired Ivy, LLC

by 