quit claim responsibility

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quit claim responsibility

jameshogg

Posted on: 10th Oct, 2010 09:52 am

i quit claim my house to a relative and didnt refinance the loan if the house goes into foreclosure does it affect my credit?

Total Reply : 1

Hi sandie,

As the mortgage is still in your name, if the property goes into foreclosure, it will badly affect your credit and lower your score by around 250 points.

Thanks

jameshogg

Posted on: 10th Oct, 2010 08:14 pm

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