Filing Bankruptcy Az
Divorced … mortgage remains responsible with her husband. Home went into foreclosure. Ramifications?
Divorced … mortgage more responsible with her ex-husband. Interior went to foreclosure. Will tax ramifications? bank comes after me? Can they go after my 401? I was with my 401 to live while attending nursing school. Is it necessary to file bankruptcy as I have debt, but the pay. It simply can not afford to lose value of housing. Live in Maricopa County, Arizona.
You will be joining in the foreclosure as if he were still married (all visits to his credit, the confiscation of assets and bank accounts, etc..) But they can not touch your retirement account. It is as if you do not have the money yet. Since you is in a divorce, which counts as a limitation on benefiting from a short sale, which is a much lighter hit on their credit and forgive the outstanding debt. Contact with your lender to see if they accept a short sale rather than foreclosure.
How to stop foreclosure in Arizona
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