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krubio
Guest
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 Posted: Tue May 20, 2008 3:50 pm Post subject: on title but not on mortgage |
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I am on title but not on the mortgage, my husband wants to do a deed in lieu of foreclosure, will I also be responsible and will this also hurt my credit?
Thanks,
Krubio
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Need help choosing the right loan? Get free consultation from community lenders/consultant |
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MichaelTellez76
Guest
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| Posted: Tue May 20, 2008 6:21 pm Post subject: I can help |
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We can help you shortsale your home so that your credit is saved from the foreclosure. It is a very beneficial program.
Please feel free to call or e-mail me at your earlier convenience for details.
Michael Tellez
949-777-4646 x 229 |
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 cliff
Community Experts
Joined: 05 May 2008
Posts: 328
Location: Houston
75.44 Dollars($)
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| Posted: Tue May 20, 2008 6:21 pm Post subject: |
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No since you are not on the mortgage it will not show up on your credit. 
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Cliff Pape
Market Analyst
www.home-buddies.com |
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JuanHdez
Joined: 14 May 2008
Posts: 29
Location: San Diego, CA
12.42 Dollars($)
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| Posted: Wed May 21, 2008 10:44 am Post subject: |
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I agree with Cliff. Being on title means that you have interest on the property. Your asset is in jeopardy given the current situation, however, if you are not on the loan the liability will not be shown on your credit report. I recomment you seek the council of a Real Estate attorney to get some advice as to the consequesces prior to taking any action.
Best o' Luck
J  |
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cliff
Community Experts
Joined: 05 May 2008
Posts: 328
Location: Houston
75.44 Dollars($)
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| Posted: Wed May 21, 2008 12:54 pm Post subject: |
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Definatley speak with an attorney in your state because laws do vary from state to state good advice Juan.
How are you enjoying the forum Juan? Feel free to e-mail me.
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Cliff Pape
Market Analyst
www.home-buddies.com |
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