Posted on: 13th Jul, 2011 01:26 pm
If I quit claim the deed over with me having no intrest and now I want to get back on he will not add me back on the mortgage is under my name. Will the money that is owed to the back still get paid if I just walk and stop making the payments. the house is not upside down?
Hi Guest!
Welcome to forums!
As your name is on the mortgage docs, you will be responsible for the mortgage payments. If you stop the payments, the lender will foreclose the property which will have a negative affect on your credit report and will also lower your credit scores.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
As your name is on the mortgage docs, you will be responsible for the mortgage payments. If you stop the payments, the lender will foreclose the property which will have a negative affect on your credit report and will also lower your credit scores.
Feel free to ask if you've further queries.
Sussane