Is there hope for our future in home buying?

ok so this is whats going on, i,ll try to make this short as possible.

well my husband was married before and in his divorce gave the ex the house..now since shes worthless and cant keep a job shes behind on her payments and its ruining his credit! he use to have perfect credit! we had no problem getting any loan we wanted now he is having some problems with it. ok so..we of course want to buy our own home within the next few years and were wondering if all hope is gone! is there still a way to get a home loan or buy a home some how with ok credit? he has a great job and has been there for 10 years! money isnt the issue so will they see that and give us a break or are we pretty much screwed on our dream of buying our own home? please help us out if you can! we,d really appreciate it.



thanks ya'llIs there hope for our future in home buying?
Once he gave the ex the house, through the court system he is not responsible for that loan. If she defaults it's nothing to him. Your credit is the same as it was before she defaulted. Hang in there, you will get your dream home soon.Is there hope for our future in home buying?
if his credit is above 620 he will be able to find a loan.



Problem is he is assumed to already have a loan on ex's house. Because ex did not refi the mortgage your husband is still obligated under that morgtgage.



If ex's home forecloses then he is really screwed for a few years.
its funny that you blame the ex wife for bad credit, but yet you are willing to break a lease - a legal agreement.