Posted on: 30th Jul, 2010 06:51 am
My husband passed away last year. Mortgage loan was on his name. Mortgage company has put the loan under his estate I have been paying mortgage every month since he passed away but I don't have s job right now and I am afraid that sooner or later I am going to fall behind. I would like to know if it would effect my credit if I do a short sale on my house even though my name is not on mortgage
Welcome Guest,
As your name is not mentioned in the mortgage docs, a short sale of the property won't affect your credit report in any way. Your credit score won't be reduced due to the short sale. However, you would lose the property.
As your name is not mentioned in the mortgage docs, a short sale of the property won't affect your credit report in any way. Your credit score won't be reduced due to the short sale. However, you would lose the property.