Posted on: 15th May, 2011 09:12 am
if i sign a quick claim deed over to my mortage company will it effect my credit???
Hi tab,
If you surrender your property to the mortgage lender and if the lender forecloses the property and sells it off, then it will have a negative affect on your credit. A foreclosure will lower your credit score by 250 points.
Thanks
If you surrender your property to the mortgage lender and if the lender forecloses the property and sells it off, then it will have a negative affect on your credit. A foreclosure will lower your credit score by 250 points.
Thanks