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 suejean4
Joined: 13 Sep 2008
Posts: 1
1.30 Dollars($)
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 Posted: Sat Sep 13, 2008 5:36 am Post subject: I was told m credit will be bad because my name is on the de |
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my husband is on the loan for our house?My name is only on the deed
can I quit claim it over to him? Because he is thinking of a short sale or foreclosure? I want to get my name off the deed? |
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kpatrick
Joined: 29 Oct 2007
Posts: 156
Location: Atlanta, Georgia
40.89 Dollars($)
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| Posted: Sat Sep 13, 2008 8:37 pm Post subject: |
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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. (:
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For more information on credit repair, please visit my blog, http://creditrepair4u.wordpress.com , or my site, http://freecreditreportnow.org .
(770) 886-3140 |
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jheard
Moderator
Joined: 12 Dec 2007
Posts: 599
Location: Houston, TX
98.69 Dollars($)
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| Posted: Mon Sep 15, 2008 8:20 am Post subject: |
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If you name is on the deed, and the lender forecloses on the property, you name will be on the foreclosure. Bad for credit.
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Disclaimer: This is not legal advice and I am not your lawyer. The information provided in this forum is for discussion purposes only, and is no substitute for an in-person consultation with an attorney who can analyze all of the facts and determine how your state and local laws may apply to your specific situation. |
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kpatrick
Joined: 29 Oct 2007
Posts: 156
Location: Atlanta, Georgia
40.89 Dollars($)
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