[spazikris73]

has a foreclosure in his past? My boyfriend divorced last year and part of the settlement was that his ex-wife would keep the house and try to sell it, and she would get to keep the money on the sale of the house. She recently told him that she can't sell the house and is going into foreclosure. His name is still on the mortgage so this will affect his own credit. My question is about our future... I would like to buy a house in the near future, but since I only make 67k (and live in CA), I was counting on his income to help us qualify for a loan together. How will this foreclosure affect OUR chances of buying a home together?Thanks for the feedback so far. Just to clarify, I do not intend to buy a home with him before we are married. I know that foreclosures can affect one's credit for many years, so I was thinking forward to the future (after we are married).

[Komaraconsulting]

A Foreclosure can stay with you for up to 10 years. If your using his income to help you purchase then his information will be on the 1003 so yes, it will hurt your chances

[lossmitigationnews]

Well a lot has changed. Not long ago people were able to refinance in foreclosure and bankruptcy, but that is part of how this mess began. But to tell you the truth "most" things are possible with enough money down.

[JohnLG]

Do not use him to apply for a loan with you. He will be denied. Find an alternative.