Posted on: 14th Aug, 2010 01:25 pm
CAn you please tell me how liable i am and if my credit will be injured if my ex-boyfriend stops paying the house payment? i am not on the Deed of Trust and have no paperwork as to how i got on the loan.
Hi kellycummins,
If you're not listed as the co-borrower of the mortgage, then you won't be liable for the loan payments. Thus, if your ex-boyfriend stops paying the loan, it won't affect your credit score. Also, the lender won't be able to come after you for the loan payments.
If you're not listed as the co-borrower of the mortgage, then you won't be liable for the loan payments. Thus, if your ex-boyfriend stops paying the loan, it won't affect your credit score. Also, the lender won't be able to come after you for the loan payments.