[onyxenchanted]

who does it effect and how? I own a home and engaged in a wrap around mortgage with a friend. He is now sick and can't afford the mortgage, neither can I. If this house goes into foreclosure, who does it effect? The house is entirely in his name, the loan is entirely in mine. (no lessons or lectures, I was always aware of the risks and decided it was the best thing anyway)
I understand I now have a foreclosure on my record, just as if it were my own home. What I'm really wondering about is how it effects him. Does it still show up on some record of his as a foreclosure, or does he get away clean?