Posted on: 18th Feb, 2010 12:04 pm
I bought a property and my wife was the co-borrower, the mortgage shows only on my credit report. If this property goes to foreclosure, does her credit get affected by the foreclosure?
Hi Alemanre,
If your wife signed on the loan as a co-borrower, she is responsible for the mortgage loan. I'm not sure why the mortgage is not showing on your credit report. But in case the property goes into foreclosure, it will affect her credit scores.
If your wife signed on the loan as a co-borrower, she is responsible for the mortgage loan. I'm not sure why the mortgage is not showing on your credit report. But in case the property goes into foreclosure, it will affect her credit scores.