If I own a house, but my spouse has nothing to do with it, and it goes to foreclosure will it hurt her credit?

Question

I'm looking for reference and credentials on this one if possible. I will also take general opinions. I purchased the property long before I met her.

Answer 1

As long as her name is not on the deed or the mortgage, then credit reporting agencies do no have the right to report this on her credit report.

However, I have seen many situations where a spouses information has ended up on the wrong report. In a foreclosure situation, this could easily happen because of the last name and address association.  This should be easy to remove (just dispute it), but until it is removed, it could effect his/her credit.

Another issue to watch out for is employers running a background check. Something like this would certainly show a foreclosure related to her address.

Answer 2

It would depend on your marriage contract - you will have to see your lawyer, or read over the contract.

Answer 3

as long as her name is not on the note, her credit is not going to be affected. i assume she was never added to your mortgage info so her credit should be safe.

Answer 4

~~If her name is not on the loan then she is not responsible for anything. It will not affect her credit in anyway.~~