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Answers (10)
- Ann Griffin, "Ann Griffin Realtor"
- Contributions:95
If you do buy a home, and then in the future decide to sell it, if your husband has not paid off this debt, the Title company will collect it and pay it from your proceeds on the sale.
So do what everyone else has recommended- take care of this debt now.
So do what everyone else has recommended- take care of this debt now.
- icyharris
- Contributions:6
My question is, "Why would you want to buy a house with someone who owes that much in child support?" Do you know how many single parents would love to buy a home but can't afford it because their ex has failed to honor their child support and/or alimony payments? Foreclosure, bankruptcy, defaulted student loans, and unpaid child support are not looked on kindly by lenders. Has he tried to work out a repayment agreement with the state or with the ex? Has he submitted evidence of why he was not able to fulfill his obligation to court? Has he had his income and ability to pay reevaluated? At least work with the courts to resolve these issues prior to approaching a lender, unless you plan to pay cash for the house (in which case, couldn't your spouse just pay off the child support?)
- Aaron Wagner, "aaronwags"
- Contributions:11
YES ...Absolutely!!!
- Amanda Alejandro, "homesforsale86"
- Contributions:480
- workabee
- Contributions:1030
I feel sorry that someone that does not pay child support has any children.
- Ofe Polack, "Ofe Polack"
- Contributions:1420
First of all, I feel sorry for both of you. That debt will impact negatively on any loan you want to get. It will be best if you meet with a mortgage company or a bank and discuss your finances.
Good luck!
- Kim Boekholder, "UtahRelocation"
- Contributions:76
Yes this will effect the credit and debt to income ratios. Please meet with a mortgage specialist and they can go over your options. This will show up on his credit.
- NTETS, "Mr Caveat"
- Contributions:6436
no, you have it wrong. your husband doesnt owe 24,000 in child support. YOU and your husband together owe 24,000 in child support. his debt is your debt.
and yes, it counts.
and yes, it counts.
- jdsdaddy
- Contributions:551
24k? Don't people go to jail for that amount? I would hope it would affect his ability to obtain a loan because why would a bank trust him to pay back the loan if he won't even help with the cost of raising his own child?
I try not to be too judgemental of others but taking care of one's offspring is an absolute.
I try not to be too judgemental of others but taking care of one's offspring is an absolute.
- wetdawgs
- Contributions:26854
All debts are considered in the debt to income ratio when applying for loans. If he is in arrears with child support, it is quite possible that the courts will start aggressively garnishing his wages. So, in your shoes I'd get this paid off before thinking about home purchases.
my husband owes abot 24 thousand dollars in child support,We want to purshase a home.Will this affec
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