Posted on: 20th Nov, 2010 02:04 pm
If I quit claim from my mom's home loan will it still hurt my credit history if for some reason she could not
fulfill her payment
thanks
fulfill her payment
thanks
Welcome magayon,
If your mother refinances the mortgage after you sign the quitclaim deed, then you won't be liable for the mortgage. In such a situation, if your mother defaults the mortgage payments, it will not affect your credit score.
If your mother refinances the mortgage after you sign the quitclaim deed, then you won't be liable for the mortgage. In such a situation, if your mother defaults the mortgage payments, it will not affect your credit score.