Home arrow Mortgage Forums arrow Mortgage Problems and Solutions arrow

Question about ""As Tenants by the entirely""

Author Message
Icon Mini Profile genestoneybrook





Joined: 22 Apr 2009

Posts: 5

4.85 Dollars($)
Post Posted: Thu Apr 23, 2009 8:19 pm    Post subject: Question about ""As Tenants by the entirely"&
Like 0
Dislike 0

We are married couple living in fla last 5 yrs.

My wife is on both our 1st morgage and the 2nd "line of credit". I am only listed on the Title as ""tenants by the entirety""

If she decide to stop making payment to get the lender to modifity the mortgage or even walk away from our home since its underwater over 200k

Does it effect my credit rating???

I would then turn around sell me business up north and purchase another home with the funds and place everything under my name. Is this possible since I am not on the current loans however I am listed on title .

Please advice

Thanks
Icon Mini Profile jenkin7
jenkin7




Joined: 04 Jun 2007

Posts: 4537
Location: Hawaii
728.43 Dollars($)
Post Posted: Fri Apr 24, 2009 12:44 am    Post subject:
Like 0
Dislike 0

Hi genestoneybrook,

This issue has been discussed on the following page:
http://www.mortgagefit.com/credit/effect-tenancyentirety.html#90499
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Refinance Quotes
Call for Rates
888-485-7561
Speak to a lender now.

We will match calls to our toll free number with our network of lenders.

Ask Questions
Community Experts
Cliff Pape - market Analyst Cliff Pape
Market Analyst
Houston, Texas







Highlights
Related Readings
Bankruptcy
Mortgage Loan Modification
Mortgage after foreclosure
Avoid Foreclosure


Helpful References
Mortgage Terms
Mortgage News
Book Center
Mortgage Guide
Shop and Compare lenders


Our Community
MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards
Five simple ways to earn money with the Mortgage Community.

New and upcoming tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool





Community Chat

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 21.067 seconds.