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I was told m credit will be bad because my name is on the deed?

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suejean4 Joined: 13 Sep 2008 Posts: 1 1.30 Dollars($)	Posted: Sat Sep 13, 2008 5:36 am    Post subject: I was told m credit will be bad because my name is on the de Like 0 Dislike 0 my husband is on the loan for our house?My name is only on the deed can I quit claim it over to him? Because he is thinking of a short sale or foreclosure? I want to get my name off the deed?
kpatrick Joined: 29 Oct 2007 Posts: 155 Location: Atlanta, Georgia 41.72 Dollars($)	Posted: Sat Sep 13, 2008 8:37 pm    Post subject: Like 0 Dislike 0 Because your name is on the deed, but not the note, your credit will be safe. It is the loan that is going bad, not the house. (: _________________ (770) 886-3140
jheard Moderator Joined: 12 Dec 2007 Posts: 734 Location: Houston, TX 116.72 Dollars($)	Posted: Mon Sep 15, 2008 8:20 am    Post subject: Like 0 Dislike 0 If you name is on the deed, and the lender forecloses on the property, you name will be on the foreclosure. Bad for credit. _________________ Disclaimer: This is not legal advice and I am not your lawyer. The information provided in this forum is for discussion purposes only, and is no substitute for an in-person consultation with an attorney who can analyze all of the facts and determine how your state and local laws may apply to your specific situation.
kpatrick Joined: 29 Oct 2007 Posts: 155 Location: Atlanta, Georgia 41.72 Dollars($)	Posted: Mon Sep 15, 2008 12:27 pm    Post subject: Like 0 Dislike 0 So Jheard, Could Sue Jean quit claim her rights back to the husband to avoid the credit damage? Kim _________________ (770) 886-3140

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