Home Buying in 78758>Question Details

Altamont, Home Owner in 20020

my dc condo is in receivership? Does this affect my personal credit rating?

Asked by Altamont, 20020 Fri Jul 6, 2012

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Altamont,
Is your unit in receivership? I'm most familiar with this term applied outside of commercial real estate, really. If it's yours, I would gather you have gone through a foreclosure and your credit would be affected in a major way. If it's the condo association and related assets, that shouldn't hurt you though it would impact the potential sale. Perhaps you can fill-in the blanks?
Web Reference: http://www.crowehomes.com
0 votes Thank Flag Link Fri Jul 6, 2012
No, it should not affect the members of the condo at all. It would be like asking if the business you worked for went into foreclosure and did that affect your credit. No.
0 votes Thank Flag Link Fri Jul 6, 2012
thanx.
Flag Fri Jul 6, 2012
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