Posted on: 19th Jun, 2011 12:36 pm
Me and my mom bought a house together a couple of yrs ago. I would like to go out and get my own place but i'm thinking it will be harder if I already have a home on my credit report. My question is if I quick claim her the house would it be easier for me to buy another home?
Beau, I suppose you're Jose, to whom I just responded. This post indicates there's a mortgage loan involved, while the other post made no such mention of a mortgage.
Assuming that this is a more accurate post, my answer changes. You'll still be considered liable for the mortgage debt regardless of whether you quit claim your ownership interest to her or not.
If this is a completely new post by a completely different person, of course, then I'm incorrect; but my previous paragraph remains valid.
Assuming that this is a more accurate post, my answer changes. You'll still be considered liable for the mortgage debt regardless of whether you quit claim your ownership interest to her or not.
If this is a completely new post by a completely different person, of course, then I'm incorrect; but my previous paragraph remains valid.