---

Deed

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
Guest	Posted: Tue Sep 21, 2010 10:31 am    Post subject: Deed Like 0 Dislike 0 The mortgage was in ex-husbands name only but my name is on the deed, the house has a foreclosure hearing on Nov 17th, will this effect my credit negativitly?
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12376 Location: bloomfield, ct 58.49 Dollars($)	Posted: Tue Sep 21, 2010 10:37 am    Post subject: Like 0 Dislike 0 If your name is on the deed, then you are going to have to be considered by the lender in the foreclosure action. That will have a slight (perhaps more) effect on your credit, because the agencies pick up public records, such as a foreclosure action. You can view your credit report and place a statement in it if you feel the need to do so. I don't believe that you'll suffer a lot in terms of credit score, but it will likely have some effect. _________________ George M. Akerley Mortgage Underwriter/Consultant Word of Excellence- Writing/Editing/Proofreading 860-221-5044
Guest	Posted: Tue Sep 21, 2010 10:45 am    Post subject: Like 0 Dislike 0 Thank you for your quick response. If I sign a Quit claim deed will that get my name off and protect me?
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Tue Sep 21, 2010 10:00 pm    Post subject: Like 0 Dislike 0 Hi Guest! Welcome to forums! As your name is not on the mortgage doc, the foreclosure will not affect your credit score. You can sign a quit claim deed in your ex-husband's favor. This will help you in removing your name from the property deed and make your ex-husband the sole owner of the property. Feel free to ask if you've further queries. Sussane
Guest	Posted: Wed Sep 22, 2010 7:22 am    Post subject: Like 0 Dislike 0 Any quit claim deed created/filed now would be lis pendens to the suit – i.e., not worth the expenditure. If you’re not on the note, you are named in the suit solely for the purposes of clearing title.
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12376 Location: bloomfield, ct 58.49 Dollars($)	Posted: Mon Sep 27, 2010 11:42 am    Post subject: Like 0 Dislike 0 That's exactly right, Guest. Filing a quit claim now will not be beneficial at all. Having seen numerous credit reports through the years, I stand by what I mentioned about the public record having an impact on a credit score. There's not much that can be done about it, though any future creditors can be advised as to the truth of the situation. _________________ George M. Akerley Mortgage Underwriter/Consultant Word of Excellence- Writing/Editing/Proofreading 860-221-5044

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
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