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quit claim and forclosure

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bc42maui Joined: 17 Apr 2010 Posts: 1 1.26 Dollars($)	Posted: Sat Apr 17, 2010 3:14 pm    Post subject: quit claim and forclosure Like 0 Dislike 0 I quit claimed my house in my divorce my exhusband never refinanced and now the house is in forclosure will I be held responsible for anything and what can I do If I am? I live in Arizona.
adonis Joined: 22 Oct 2005 Posts: 10531 Location: ALASKA 1085.02 Dollars($)	Posted: Sun Apr 18, 2010 11:36 pm    Post subject: Like 0 Dislike 0 Welcome bc42maui, If your name is mentioned on the mortgage docs, then you would be responsible for the deficient balance after the foreclosure. Also, your credit scores would get affected and lowered by 250 points. The foreclosure will remain as a negative item on your credit report for the next 7 years. _________________ Procrastination is the enemy of your financial success

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