I own a mortgage. My husband's heading is on the action. In covering of short public sale what is the impact on his credit?
The mortgage is on my name.
Answers:
As far as I know know zilch since you are the only one on the mortgage.
You can use this credit monitoring service to pre-estimate future score for different scenarios of such payments - freecreditreport.sinfree.net
The county recorder does not report financial matters to the credit bureau, unless it is the concern of late property taxes.
So, if your hubby's name is stale the mortgage, then the short sale should not impact his credit evaluation. The bank, however, will whack YOUR credit score.
But after again, in a nation of short sales, how much impact do you surmise that will have once things turn around?
Related Questions:
What guard would donate me a mortgage near a low credit chalk up?
I have a good undertaking and have been working for for a time over 5 years. I make almost $45K a year, but my credit is in the large 500's low 6's. I want a mortgage to purchase a house that...
Answers:
As far as I know know zilch since you are the only one on the mortgage.
You can use this credit monitoring service to pre-estimate future score for different scenarios of such payments - freecreditreport.sinfree.net
The county recorder does not report financial matters to the credit bureau, unless it is the concern of late property taxes.
So, if your hubby's name is stale the mortgage, then the short sale should not impact his credit evaluation. The bank, however, will whack YOUR credit score.
But after again, in a nation of short sales, how much impact do you surmise that will have once things turn around?
Related Questions:
What guard would donate me a mortgage near a low credit chalk up?
I have a good undertaking and have been working for for a time over 5 years. I make almost $45K a year, but my credit is in the large 500's low 6's. I want a mortgage to purchase a house that...