Deed

If your name is on the deed, then you are going to have to be considered by the lender in the foreclosure action. That will have a slight (perhaps more) effect on your credit, because the agencies pick up public records, such as a foreclosure action.

You can view your credit report and place a statement in it if you feel the need to do so. I don't believe that you'll suffer a lot in terms of credit score, but it will likely have some effect.

thank you for your quick response. if i sign a quit claim deed will that get my name off and protect me?

Hi Guest!

Welcome to forums!

As your name is not on the mortgage doc, the foreclosure will not affect your credit score. You can sign a quit claim deed in your ex-husband's favor. This will help you in removing your name from the property deed and make your ex-husband the sole owner of the property.

Feel free to ask if you've further queries.

Sussane

Any quit claim deed created/filed now would be lis pendens to the suit., not worth the expenditure. If yore not on the note, you are named in the suit solely for the purposes of clearing title.

That's exactly right, Guest. Filing a quit claim now will not be beneficial at all. Having seen numerous credit reports through the years, I stand by what I mentioned about the public record having an impact on a credit score. There's not much that can be done about it, though any future creditors can be advised as to the truth of the situation.