| Foreclosure or Divorce
I live in FL and have a condo that is in foreclosure. I owed 414000 on it 5 months ago but havent made any payments so I assume that the new amount that I owe is actually higher? I got married 6 months ago and we had to use my wife to purchase our house,,, we actually built the house and thought we could sell the condo.
My question is, if they dont sell it for what it is worth what will they do? Will they come after my wifes assets if she had them before we were married? My wife has about $20,000 in the bank and about $25000 equity in the house ($460,000 loan). She also has a condo that she rents out that has $25000 equity in it. I am not on either of the mortgages that she has but I am on the dead to the house. The $20000 that she has in the bank was money that the builder of the new house gave her back off of the loan. My wife also has $15000 in her 401K and 5k in her stock options at work. I don't have any equity, my wife has all the equity? What should I do, would it be better for us to file a divorce and than get remarried so they dont take all her assets? We just got married and I dont want to start off by having everything she worked for taken from her for my mistakes.
Thanks in advance
Sloanhaus  | 
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