Questions about Foreclosure.?
My mom’s home is in pre-foreclosure at the moment. The home belonged to my mom and dad and when they got divorced it had to stay that way. The mortgage loan is in my father’s name only and he was continuing to help pay the bill but recently he got remarried and has stopped helping to pay the loan. However he did not tell my mom that he had stopped paying the loan and now it has gone to the foreclosure process. When they got divorced there was no way to pay for a lawyer to have the home taken out of my father’s name and placed into my mom’s. It was a very complicated situation. I was wondering if now that my mom is going to lose her home will it affect her ability to buy a new home if her name was not on the home loan for the foreclosed home?