Legal Question in Real Estate Law in California

Re: Foreclosure

There are really two issues or questions here, I think; the first is whether the fact of the foreclosure will show up on her credit report, and I think it will, because credit-reporting agencies use powerful computers to sift through foreclosure recordings and pick out names. If her name is on title as an owner who lost ownership in a foreclosure, that fact very likely will be picked up and reported.

The second question or issue is whether the facts, if picked up accurately, will have an effect on her credit score, especially her FICO score. This is harder to predict. There may be some FICO expert out there in the LawGuru volunteers who can give you a better opinion, but the inner workings of credit scoring are not publicized, being Fair, Isaac & Co.'s trade secrets. My guess is that there will be some negative impact, but it will be far less than the impact of having been a named obligor on the foreclosed loan.

Re: Foreclosure

There are really two issues or questions here, I think; the first is whether the fact of the foreclosure will show up on her credit report, and I think it will, because credit-reporting agencies use powerful computers to sift through foreclosure recordings and pick out names. If her name is on title as an owner who lost ownership in a foreclosure, that fact very likely will be picked up and reported.

The second question or issue is whether the facts, if picked up accurately, will have an effect on her credit score, especially her FICO score. This is harder to predict. There may be some FICO expert out there in the LawGuru volunteers who can give you a better opinion, but the inner workings of credit scoring are not publicized, being Fair, Isaac & Co.'s trade secrets. My guess is that there will be some negative impact, but it will be far less than the impact of having been a named obligor on the foreclosed loan.