Posted on: 15th Jul, 2009 10:26 am
my dad and i are foreclosing the house. his name is solely on the loan, but my name is added onto the title when we refy. is my credit going to be affected and also, will it show in my history record that the house was foreclose?
i have to ask this: how does being foreclosed on relate to finding out "mortgage tricks" that will allow you to save money?
No. If you are not on the loan, it will not show on your credit.
but ashley, if legal action is taken, she'd be a party to that action. credit agencies research and report public record, so they'd see it and subsequently report it, do you not think?
and on a side note, why have you been so absent of late?
and on a side note, why have you been so absent of late?
I personally haven't heard of someone that is on title being held responsible for the mortgage and/or it defaulting. But if you have, then I am wrong.
I have kept an eye on the boards and its a lot of people asking the same questions. I have been super busy so i haven't had time. :)
I have kept an eye on the boards and its a lot of people asking the same questions. I have been super busy so i haven't had time. :)
i agree that a person on title only wouldn't be responsible for mortgage payments, but he or she would certainly be named in the suit - that's something the bureaus pick up.
glad to hear you're too busy to be on that much...and you are so right - it's the same thing day after day. the answers change, though.
glad to hear you're too busy to be on that much...and you are so right - it's the same thing day after day. the answers change, though.
Oh yeah, the answers change. Instead of coming from another planet, many of them are now showing up from far away galaxies.
