Yes, the bank can put a lien on the house bought by you, because California is a community property state. In a community property state, the wife needs to pay for the debt incurred by the husband and vice versa. Moreover, even if it isn't a community property state, but the home is in both your names, lien can be put on the home for debt incurred by one.
Come on AARON,I said its HERS,The DEED is in her name only.Also we MAINTAIN seperate ACCTS.STEVE BUCCI of BANKRATE.COM . & LIZ PULLIAM WESTON both say that maintaining seperated CREDIT CARD ACCTS. RELIEVES the OTHER SPOUSE from the DEPT OBIGATIONS of CREDIT CARD DEPT,in the event of death,bankrupcy or divorce unless they are named on the ACCT.
California is a community property state. Thus, your wife can be held responsible for your debt. You can check for this in the Internet. However, if you had accrued this debt before your marriage then the situation can be different.
california law
Hi,
Yes, the bank can put a lien on the house bought by you, because California is a community property state. In a community property state, the wife needs to pay for the debt incurred by the husband and vice versa. Moreover, even if it isn't a community property state, but the home is in both your names, lien can be put on the home for debt incurred by one.
Hope this helps.
Regards,
Aaron
AARONS REPLY
Come on AARON,I said its HERS,The DEED is in her name only.Also we MAINTAIN seperate ACCTS.STEVE BUCCI of BANKRATE.COM . & LIZ PULLIAM WESTON both say that maintaining seperated CREDIT CARD ACCTS. RELIEVES the OTHER SPOUSE from the DEPT OBIGATIONS of CREDIT CARD DEPT,in the event of death,bankrupcy or divorce unless they are named on the ACCT.
reply
Hi,
California is a community property state. Thus, your wife can be held responsible for your debt. You can check for this in the Internet. However, if you had accrued this debt before your marriage then the situation can be different.
Thanks,
Aaron