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Author Topic: Will SS affect my credit - am not on loan  (Read 1807 times)

Offline excitingname

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Will SS affect my credit - am not on loan
« on: June 13, 2010, 11:18:56 am »
I am not on the loan to our house

Now, doing a short sale on our house, I am wondering if it will affect only my husbands credit because he is the only one one the loan?  Or, will it affect mine too?   

We are in AZ which is a community property state, but still, I am not on the acutal loan.

??

Offline Iloverealestate

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Re: Will SS affect my credit - am not on loan
« Reply #1 on: June 14, 2010, 08:53:57 pm »
No it will not affect your credit. If the home is only in your husbands name.

Offline Bluemoon06

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Re: Will SS affect my credit - am not on loan
« Reply #2 on: June 21, 2010, 11:44:45 am »
I live in a community property state also.  My wife and I purposely only take out loans in one name.  Our thought process is that if and when I hit the limit of houses that I can finance we then start to finance them in her name and when she maxes out we have more than enough houses.  This stops us from maxing out.
Real estate to Retire you
http://sphinxwealth.com/

Offline DavidRowe

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    • Mentoringthatworks.com
Re: Will SS affect my credit - am not on loan
« Reply #3 on: July 07, 2010, 10:21:46 pm »
Nope, it shouldn't!  If your name isn't on the note, trust or any doc.. you'll be good!!
---Real Estate Mentor and Marketing Fanatic!---
-------- www.mentoringthatworks.com ---------
I'm an expert in marketing online and offline for motivated sellers and have perfected the yellow letter!  I'm a creative real estate investor specializing in sub to, lease options & dynamic options.

 




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