Loans, Debt & Credit - View Single Post - Walling Away In VA

jdett · 01-13-2009, 03:56 PM

I was told not to put the monies in my wifes acct because when the lender does a asset search they will also search the spouse. I am thinking that will not matter because by the time they do the search I will already be foreclosed on and will have bought another home in her name using the monies for down pmt.

any thoughts?

01-13-2009, 03:56 PM	#14 (permalink)
jdett Senior Member Join Date: Nov 2008 Location: Virginia Posts: 40 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Walk away or not I was told not to put the monies in my wifes acct because when the lender does a asset search they will also search the spouse. I am thinking that will not matter because by the time they do the search I will already be foreclosed on and will have bought another home in her name using the monies for down pmt. any thoughts?