Since my ex is on the deed of my home but not the loan and we have never filed taxes together, if I allow the home to go into foreclosure is his credit in jeapordy?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Since my ex is on the deed of my home but not the loan and we have never filed taxes together, if I allow the home to go into foreclosure is his credit in jeapordy?
Asked on January 9, 2013 under Real Estate Law, Colorado
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
Based upon the facts of your question where your "ex" is on title to the subject unit but not obligated on the loan, if the unit is lost in a foreclosure under the laws of all states in this country your "ex" does not receive a negative credit rating as a result.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.