Posted on: 24th Mar, 2010 10:59 pm
My husband did not sign the mortgage, however he signed a joint tenancy deed. Will his credit be impacted if we forclose on the home? We live in Arizona
Hi There;
If your husband is not on the mortgage, the fact that he was on the deed should not cause any harm to his credit in the case of foreclosure.
I'm not sure of your state laws, but many states require both husband and wife to be on the deed with right of ownership for each in case of death or divorce.
Hope this helps.
Regards,
Jeff
If your husband is not on the mortgage, the fact that he was on the deed should not cause any harm to his credit in the case of foreclosure.
I'm not sure of your state laws, but many states require both husband and wife to be on the deed with right of ownership for each in case of death or divorce.
Hope this helps.
Regards,
Jeff