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Will a quick claim deed help improve my credit score?

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tejanae2k Joined: 16 Jul 2011 Posts: 1 1.35 Dollars($)	Posted: Sat Jul 16, 2011 7:51 am    Post subject: Will a quick claim deed help improve my credit score? Like 0 Dislike 0 My parents bought a house for me and my wife, because we did not have good credit. If we agree to a quick claim deed and I show proof that I have paid the mortgage for a certain amount of time, will this improve my credit, so that I can then purchase the home from them.
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Sun Jul 17, 2011 8:30 pm    Post subject: Like 0 Dislike 0 Hi tejanae, A quitclaim deed may not be able to help you in improving your credit score. However, if your name is mentioned on the mortgage docs and if you've paid the mortgage payments on time and it is reported to the credit bureaus, then it will help you in improving your credit score.
tejanae Guest	Posted: Mon Jul 18, 2011 8:38 am    Post subject: Quitclaim Deed Question Like 0 Dislike 0 If my name is listed on the mortgage docs and I have proof that I have made the mortgage payments on time, will improving my credit score help to refinance the home in my name alone?
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Mon Jul 18, 2011 10:36 pm    Post subject: Like 0 Dislike 0 Hi tejanae! Welcome to forums! If you can prove that you've paid the mortgage payments on time, then it will help you in improving your credit score. Feel free to ask if you've further queries. Sussane
DEE Guest	Posted: Tue Oct 11, 2011 3:08 pm    Post subject: REFINANCE AFTER PASSINGS WHOS LIABLE Like 0 Dislike 0 MY MOM TOOK OUT A HOME EQUITY LINE OF CREDIT 4 MONTHS BEFORE SHE DIED AND USED MYBE A TOTAL OF 2THOUSAND IF THAT AND WHEN I MOVED IN I WAS PAYING BACK $670.00 PER MONTH FOR 18 MONTHS DO THEY OWE ME? THE LAYWER MAD IT WHERE IM EXECUTOR OF THE ESTATE IN 2OO8,MARCH
Guest	Posted: Tue Oct 11, 2011 9:54 pm    Post subject: Like 0 Dislike 0 If your name is not mentioned on the mortgage, then you won't be liable for the mortgage payments. if you wish, you can refinance the mortgage in your name and pay it off in order to save the property.

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