Tech Tips in Fresno>Question Details

Mfidhb, Home Seller in California

I have a condo I cant sell (or rent). I am getting married. If I defualt on the loan. Will it affect her?

Asked by Mfidhb, California Thu Apr 30, 2009

credit rating? Will she be able to buy property in the future by excluding me from any furture loan process

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Tom Lindemann’s answer
A default will only affect the credit of persons named on the present loan. If she is not on the loan it will have no effect on her. If you are not named on future loan applications she will be able to buy whatever she qualifies for with her own income and credit rating.
0 votes Thank Flag Link Thu Apr 30, 2009
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