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Re: voluntary foreclosure

Posted by BigMike on October 10, 2006 at 12:31 AM

In Reply to: voluntary foreclosure posted by nancy hoose on October 10, 2006 at 5:43 AM

The real question is who is on title. If both you are, then your husband will have agree to any kind of sale/transfer, etc short of foreclosure.

: My husband and I are in process of divorce. I am in a position such that I have to pay rent on a house for me and my daughter, as well as the mortgage on our house (my husband refuses to help). My friends advise me to do a voluntary foreclosure, claiming that it wouldn't hurt my credit (which is very good). I have a bad feeling that even if this is true, it would probably affect my ability to obtain a home loan in the future. Is this the case? I live in georgia, and am having difficulty finding information on this subject.



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