Posted on: 11th Nov, 2008 10:16 am
she is not on the mortgage, but she is on the deed. can we remove her from the deed?
also, we own another property in nevada. i'm not on that property's mortgage, but i am on the deed. can that be affected? if so, can i be removed from the deed before i go into forelosure?
also, we own another property in nevada. i'm not on that property's mortgage, but i am on the deed. can that be affected? if so, can i be removed from the deed before i go into forelosure?
Confused, a lender isn't very likely to even think about resorting to that sort of tactic after having foreclosed. I'm pretty certain you have naught to be concerned with there.
My name is on the deed, not the loan of a house that is about to go into foreclosure. will the foreclosure affect my credit?
Welcome Rose,
As your name is not on the mortgage docs, the foreclosure will not affect your credit report in any way.
As your name is not on the mortgage docs, the foreclosure will not affect your credit report in any way.
Something very important to know about credit reports:
Public records are picked up and reported by credit reporting agencies. A suit of foreclosure is a public record. Since a credit reporting agency will pick up and report the foreclosure on your credit report, you can count on the foreclosure "affecting" your credit.
Public records are picked up and reported by credit reporting agencies. A suit of foreclosure is a public record. Since a credit reporting agency will pick up and report the foreclosure on your credit report, you can count on the foreclosure "affecting" your credit.
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