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But How does the property show up on credit after sigining a

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Icon Mini Profile keyshaharris





Joined: 17 Aug 2007

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Post Posted: Fri Aug 17, 2007 2:52 pm    Post subject: But How does the property show up on credit after sigining a
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When you sign a quick deed over to someone else how does that property show up on credit , Paid off ,or open or what?
Icon Mini Profile carnahandavid
carnahandavid




Joined: 21 Dec 2006

Posts: 238

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Post Posted: Fri Aug 17, 2007 3:03 pm    Post subject:
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After you sign a quit claim deed to transfer ownership of your house it does not remain your property. It will thus not be listed on your credit report.

Only your property address appears in the address section.

But you have a mortgage then the mortgage will be appearing in the report. Do you have a mortgage on the house?

If you do have a mortgage then the new owner will have to refinance the mortgage in his name and after that mortgage will show up as paid off on your report.
Icon Mini Profile larry





Joined: 27 Jun 2007

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Post Posted: Fri Aug 17, 2007 8:56 pm    Post subject:
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Hi Keyshaharris,

Welcome back to the forum.

If you sign a quitclaim deed, it will not be shown on your credit report. It seems that you have already asked a similar question earlier. Some of the community members have replied to you. To view what they have replied, you can refer to: http://www.mortgagefit.com/credit-rating/propertytransfer-score.html

BTW, are you facing this type of problem with your credit report?
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