Mortgage and debt?

I live with a friend for many years now, all we had were our social security checks, now I will recieve a $35,000 inheritance. I owe about $50,000 in old credit card debt my ex husband racked up in my name in 1996 nothing has been paid since that date. i could not and he would not.
Now my firind and I, both elderly want to buy a house and not put my name on it, only his, because the collection agencies would take the house if my name was on it. I would give him the $35,000 as a downpayment on a 30 year mortgage. Now I need to know when he leaves the house to me in his will if he dies and it has a mortgage can I just take over the payments with my social security check? or can the collection agencies then take it and throw me out?
Would I have to qualify for a new mortgage to take over the payments as I could not qualify with that debt and bad credit?
I dont want to get in the house and then be thrown out with no where to go.
Please tll us how to arrange doing this

They could put a lien on the home if they sue and win after it goes into your name, and it would go into your name after he dies.

You may want to have a quick meeting with a reputable financial planner too.

I would not care if there was a lien on the house, as i am elderly 68, and dont ever plan to sell the house while I am alive, all that matters is that they cannot force me to sell it or take it away from me and throw me out into the street.
Just being able too stay there the rest of my life is what matters.
My only source of income is my social security check and that would pay a small mortgage.

peterroberts

I researched this guy and it leads to a location in the sticks north of Springfield, MO. 2359 W Farm Road 76

I do not know to many financial planners whose office is on a farm rd.

My guess he is an Affiliate out to make a buck, and spamming here.

[Steve Dumae]

Your concern is valid and no body will wish to lead a insecure life.You need to contact a mortgage expert to see some way out.

[Zeph Brannon]

Given all the worries about credit in this country, and subprime mortgages, I was curious as to what the entire amount of home mortgage debt is. There are about 110 million households in the country, with 70% of them owned residences. Let's say there are 75 million owned homes. Not all have mortgages, but if 70 million do, and the average mortgage amount on such homes is $200,000, that comes out to a scary $14 TRILLION of mortgage debt in the USA. If just 2% default, the amount of bad home loans is $280 billion. It could obviously be much higher......Does anyone know what total mortgage debt is per household and in total? This is a real problem that could damage the economy........