World's Largest Mortgage Community

will putting my name on a mortgage that has fallen behind in payments have a negative impact on my credit score?

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
paakaulas96792 Joined: 22 Oct 2009 Posts: 1 1.25 Dollars($)	Posted: Thu Oct 22, 2009 1:18 am    Post subject: will putting my name on a mortgage that has fallen behind in will adding my name to a mortgage as "joint tenant " have a negative impact on my credit score if the mortgage has fallen behind in payments?
Niicss Joined: 03 Oct 2005 Posts: 2620 Location: New Jersey 409.63 Dollars($)	Posted: Thu Oct 22, 2009 2:22 am    Post subject: You cannot add your name to the mortgage as a joint tenant. You will be able to add your name to the property deed as a joint tenant. If you add your name to the property deed, it won't have any impact on your credit report as your name is not mentioned in the mortgage docs as a co-borrower. Your credit will only get affected due to late payments when you are a co-borrower of the loan. _________________ Good is the Enemy of Great.

Quick Reply
Your Name
Subject
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0