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Will I be held responsible for my husbands foreclosure if Im on the QCD but not on the loan itself?

Posted on: 15th Jun, 2009 10:08 am
will i be held responsible for my husbands foreclosure if im on the qcd but not on the loan itself?...my husband is going into foreclosure on our home. he is the only person on the mortgage loan. he added my name to the tittle by way of quit claim deed. im worried i will have a foreclosure on my credit as well.
KimberlyMiranda

Welcoem to the forum

If your name is not on the loan, you are not responsible for any of that. Having said that your anem may apprear on teh foreclosure document, since youare on the owner, but ti will never appear on yoru credit report

For sure it will be on yoru husbands credit report

good luck and feel free to ask
Posted on: 16th Jun, 2009 12:08 pm
Thank so much. You have relieved some of my worries.
Posted on: 16th Jun, 2009 07:10 pm
KMiranda

Glad to help

Good luck and feel free to ask
Posted on: 16th Jun, 2009 09:53 pm
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