Legal Question in Real Estate Law in Florida

foreclosure and credit

how will having a forclosure filed against me affect my credit, if I am not on the loan, only the mortgage?


Asked on 10/07/07, 2:06 pm

1 Answer from Attorneys

Scott R. Jay Law Offices of Scott R. Jay

Re: foreclosure and credit

NOTE: This communication is not intended as and should not be interpreted as legal advice. Rather, it is intended solely as a general discussion of legal principles. You should not rely on or take action based on this communication without first presenting ALL relevant details to a competent attorney in your jurisdiction and then receiving the attorney's individualized advice for you. By reading the "Response" to your question or comment, you agree that the opinion expressed is not intended to, nor does it, create any attorney-client relationship, nor does it constitute legal advice to any person reviewing such information, nor will it be considered an attorney-client privileged communication. If you do not agree, then stop right here, and do not read any further.

If you are not listed on the Promissory Note and only the Mortgage, it should little effect, if any, against you. It is up to a lender how they will handle it however.

Scott R. Jay, Esq.

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Answered on 10/07/07, 7:27 pm


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