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Ex and foreclosure - Everything Real Estate

 Q&A | Mortgage : Ex and foreclosure

Name: angry ex Title of Question: Ex and foreclosure
Question: My ex 'girlfriend' from 8 years ago still lives in the house we purchased together. We've both moved on, she stayed in house and makes payments Now she says shes letting it foreclose, she refuses to sell, and she refuses to let me buy her out. she says she is prepared to let us both face consequences of foreclosure. as you can tell we don't get along. is she able to let it foreclose if i'm willing to take over house?? can't the bank do something if one party wants to try? i am not making payments though if she will be living in house. i have no cash for expensive lawyers, am i doomed? what all assets of mine will they take?

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Name: Nancy | Date: October 28, 2004, 3:32 pm |
Answer: A foreclosure will not be good on your credit record. You should really consider getting a lawyer because the foreclosure will end up costing you more in the long run than you will pay in lawyer fees.