Foreclosure v. Short-sale and spouse credit

[SJM]

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[keepmine]

Your credit should not be affected since you are not on the loans.

[CindyLou]

Your credit won't be affected, however, in a community property state you may be responsible for the debt if you don't file too...at least that's how it works with credit card debt. You should check with an attorney. Many times in a community property state, it is much safer for both spouses to file.

[SJM]

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