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 ?

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

This entry was posted on July 24, 2010 at 9:54 pm and is filed under Home Business Franchise. You can follow any responses to this entry through the RSS 2.0 feed.