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08-13-2007, 04:37 PM
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 Will foreclosure on my home affect my soon to be...
...wifes credit? .? Her name is not on the loan but we do have a small loan together for the wedding. We both have good jobs and a good credit score but I fear with my 3 year ARM about to end we may not be able to make the payment when the intrest rate jumps. Thanks to the Michigan economy i am up-side-down with my loan and can NOT refiance. Any sugestions?
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08-13-2007, 05:13 PM
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Do a short sale, you wife is not on the loan documents then she will not be affected.I assume no payments were made with her name on them not even utilities or home repairs.Please check with your states consumer affairs departments.
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