Posted on: 15th Sep, 2010 09:23 pm
i signed a quit claim deed form, but im still on the mortgage. now hurting my credit because im not paying tord it. what do i do?
Hi paulburke,
As your name is mentioned on the mortgage docs, you're responsible for loan payments. As you're not making payments toward the loan, your credit will be negatively affected. You should start paying the loan or ask the new owner to refinance the mortgage and make the payments.
Take care.
As your name is mentioned on the mortgage docs, you're responsible for loan payments. As you're not making payments toward the loan, your credit will be negatively affected. You should start paying the loan or ask the new owner to refinance the mortgage and make the payments.
Take care.