Compare Mortgage Quotes

Refinance Rates for Today

Please enable JavaScript for the best experience.

In the mean time, check out our refinance rates!

Company Loan Type APR Est. Pmt.

credit

Posted on: 16th Jul, 2009 11:45 am
my fiance and i bought a land and my name is on the deed only. now we cant find someone to refinance the loan because its bloom loan. if land goes to forecloser would my credit will be bad
"bloom" - do you mean "balloon"? obtaining financing on land is very difficult - there are lenders out there, i'm sure, but you'll need to shop around and quickly, it appears.

if you end up in a foreclosure, your credit would definitely be negatively affected.

have a conversation with the lender to see what they can do for you.
Posted on: 16th Jul, 2009 12:41 pm
yes, i think any kind of foreclosure will affect your credit. But your fiance is not on the deed nor mortgage, so he will not be affected anyway.
Posted on: 19th Jul, 2009 08:35 am
Yes foreclosure will have a bad impact on your credit.
Posted on: 20th Jul, 2009 06:22 pm
Wow, Gary...thanks for the wonderful insight. Did the magic 8 ball give you the answer?
Posted on: 21st Jul, 2009 05:09 pm
now, eric, we know those things don't work!

it could have been a roll of the dice or the flip of a coin, too.
Posted on: 22nd Jul, 2009 07:39 am
Page loaded in 0.133 seconds.