Legal Question in Credit and Debt Law in Minnesota

Both spouses names are on our original purchase agreement for our home in which we have to foreclose. However, only one is on the bank note or mortgage. Will the foreclosure negatively affect both our credit scores or just the spouse on the bank note?


Asked on 10/14/09, 9:34 am

1 Answer from Attorneys
Maury Beaulier612.240.8005 Minnesota Lawyers

The foreclosed debt would affect the named debtor.

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Answered on 10/19/09, 9:37 am


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