Although this is my first post, I have been a lurker for a long time and many people here have unknowingly helped me to save my M after my H's A. I have a question about a financial issue that arose from the A and was hoping someone might have some insight. My H's A lasted 2 years and during that time, he bought a time-share vacation condo with his OW. His A ended 18 months ago and since then he has been paying the monthly mortgage on the time share. He has had no contact with OW. 3 months ago he lost his job and stopped paying for the time share. I should note that he twice hired firms that promise to sell time shares, but that was money down the drain. We can not afford to pay the mortgage on the time share and they have threatened to turn it over to a collection agency. My question is, since the time share is in my H's name and the OW's name, can a collection agency do anything to hurt MY credit or to confiscate anything that I own individually or jointly with my H?? Does anyone have any experience with collection agencies? This is completely outside my experience. The time share company says they have no other recourse, there is no renegotiating with them or selling back to them. The time share, by the way, is expensive, but no one in their right mind would buy it, for a week when the weather at that location is atrocious.
Thank you for any help you could offer.

Although laws vary from state to state..

and I am not a lawyer..

My guess would be that YES as his wife you could be held responsible as well.

If I were you, I would go and speak with a lawyer and a financial advisor to put together the best odds plan.

It is likely though that you will have to take a loss..and go through a period of financial insecurity [I'm sorry].

Unfortunately, this is one of those consequences to real life decisions that people make while living in a fantasy. No way out but through.

So, in a nutshell..that's what I would advise..talk to the specialists to get a plan of action..then more importantly..make a plan to deal with the very..VERY likely bout of resentment and anger that is almost undoubtedly going to result.

Having to assume responsibility and take a big loss over a piece of property used as a lovenest during their affair is a jagged pill to swallow.

Wouldn't want to survive the flood only to be polished off by old water in the aftermath.

Play it as it lies.