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Joint Tenancy Deed - Credit

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Guest	Posted: Wed Mar 24, 2010 10:59 pm    Post subject: Joint Tenancy Deed - Credit Like 0 Dislike 0 My husband did not sign the mortgage, however he signed a joint tenancy deed. Will his credit be impacted if we forclose on the home? We live in Arizona
admin Joined: 03 Dec 2009 Posts: 8 Location: Flint, MI 2.36 Dollars($)	Posted: Fri Mar 26, 2010 2:09 pm    Post subject: Like 0 Dislike 0 Hi There; If your husband is not on the mortgage, the fact that he was on the deed should not cause any harm to his credit in the case of foreclosure. I'm not sure of your state laws, but many states require both husband and wife to be on the deed with right of ownership for each in case of death or divorce. Hope this helps. Regards, Jeff _________________ Save Time Money and Mistakes! FREE Report offers 10 Critical Steps for First Time Home Buyers.

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