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Mortgage Community Forums | Loan Talk for First Time Home Buyers | If I was willed a house from my father and the deed is in my name but not the mortage, would deed in lieu affect my credit?

If I was willed a house from my father and the deed is in my name but not the mortage, would deed in lieu affect my credit?

Posted on: 08th Oct, 2009 09:45 am
My 3 sisters and I were left our father's house in his will. The mortgage is more than market value and the house is in bad repair. If the deed is in our names, but NOT the mortgage (it is for the estate of my father currently), would it affect our credit to do deed in lieu?
It shoudl nto affect yoru credit, since you are nto on the loan.

and I am no sure even bank will discuss with you abotu deed in lieu, since you are not on the loan
sunnyca2009
Posted on: 08th Oct, 2009 09:49 am
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