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Divorced couple, home in NC, exwife's in foreclosure of home. Exhusband name is on mortgage but NOT on deed. Will this eventual foreclosure impact his credit, though name not on mortgage?

smithsussane · Posted: Tue Oct 19, 2010 12:22 am Post subject:

Hi commutergirl!

Welcome to forums!

As the ex-husband's name is on the mortgage, the foreclosure will have a negative impact on his credit record. His score will go down by 250 points and the lender can come after him to recover the balance dues.

Feel free to ask if you've further queries.

Sussane

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