Can the bank place lien on my new home ?

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I was recently married ( june) My husband and I are buying a condo. I have a line of credit loan with my business partner that is outstanding. It was for a franchise. We plan on paying the loan after a lawsuit we are involved in settles. The debt was acquired by me before my marriage. My husband is not involved in the loan. My question is that if I were to go on the mortgage along with my husband can the bank place a lien on the property even though it would affect him as well and he had nothing to do with the outstanding loan ? Should I stay off the mortgage and just leave it in his name ?

Tags: bank place, business partner, buying a condo, credit loan, franchise, marriage, mortgage

This entry was posted on July 24, 2010 at July 24, 2010 and is filed under Home Business Franchise. You can follow any responses to this entry through the RSS 2.0 feed.