Quit claim deed and foreclosure

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Icon Mini Profile dldf46





Joined: 16 Aug 2010

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Post Posted: Mon Aug 16, 2010 8:38 pm    Post subject: Quit claim deed and foreclosure
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I quit claimed a house to my husband in 2007 due to a divorce. I just found out that the house is being foreclosed on and it is showing up on my credit. Can I use the quit claim deed and the divorce degree that shows that property was given to him as part of the settlement to get the foreclosure off my credit? If not what can I do?
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

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Post Posted: Mon Aug 16, 2010 11:30 pm    Post subject:
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Hi dldf!

Welcome to forums!

Though you quit claimed the property to your husband, I guess he did not refinance the loan in his name. As the loan still remains in your name, the foreclosure will be mentioned in your credit report. This will affect in your credit score in a negative way.

Feel free to ask if you've further queries.

Sussane
dldf

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Post Posted: Tue Aug 17, 2010 8:06 pm    Post subject: credit report
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I can dispute it with the credit reporting agencies, correct? Do they ever remove it with a copy of the deed? Is there anything that I can do?
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

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Post Posted: Tue Aug 17, 2010 10:55 pm    Post subject:
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Hi dldf,

You can dispute it with the credit reporting agency but I don't think it would be of much help if your name was on the mortgage docs.

Thanks
Andyroo

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Post Posted: Thu Aug 19, 2010 7:00 pm    Post subject:
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You really should not have left him you tramp. What goes around comes around as they say.
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