Possible foreclosure and new home purchase

Posted by Klahrah on November 19, 2008 at 21:14:52:

My fiance bought a condo at it's peak price. He wants to foreclose, but he wants to buy a new home with both our names. I'd like to know if he ends up going to foreclosure on his first property, will there be any implications for me? Should he try to modify his loan? Are the loans treated independently? I just want to avoid headaches. Thanks.

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