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will my foreclosure affect my wifes credit?

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adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Thu Dec 30, 2010 8:20 pm    Post subject: Like 0 Dislike 0 Hi Guest, As far as I know, retirement funds, pension and SSI cannot be garnished by the creditors. They are exempt from garnishment. _________________ Procrastination is the enemy of your financial success
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12376 Location: bloomfield, ct 58.49 Dollars($)	Posted: Fri Dec 31, 2010 11:26 am    Post subject: Like 0 Dislike 0 Confused, a lender isn't very likely to even think about resorting to that sort of tactic after having foreclosed. I'm pretty certain you have naught to be concerned with there. _________________ George M. Akerley Mortgage Underwriter/Consultant Word of Excellence- Writing/Editing/Proofreading 860-221-5044
Rose Guest	Posted: Tue May 31, 2011 4:30 pm    Post subject: Forclosure Question Like 0 Dislike 0 My name is on the deed, not the loan of a house that is about to go into foreclosure. will the foreclosure affect my credit?
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Wed Jun 01, 2011 12:04 am    Post subject: Like 0 Dislike 0 Welcome Rose, As your name is not on the mortgage docs, the foreclosure will not affect your credit report in any way. _________________ Procrastination is the enemy of your financial success
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12376 Location: bloomfield, ct 58.49 Dollars($)	Posted: Wed Jun 01, 2011 8:01 am    Post subject: Like 0 Dislike 0 Something very important to know about credit reports: Public records are picked up and reported by credit reporting agencies. A suit of foreclosure is a public record. Since a credit reporting agency will pick up and report the foreclosure on your credit report, you can count on the foreclosure "affecting" your credit. _________________ George M. Akerley Mortgage Underwriter/Consultant Word of Excellence- Writing/Editing/Proofreading 860-221-5044

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