Legal Question in Real Estate Law in Massachusetts
collage
If i foreclose on my house does my child suffer with collages not taking her because of my situation?
Asked on 4/08/07, 8:40 am
1 Answer from Attorneys
Re: collage
To the extent your credit rating is hurt and you are guaranteeing loans it may effect your child on new loans. On the otherhand if your financial situation is bad enough, it may qualify them for more financial aid.
You may be better to work out a deed in lieu of foreclosure with the lender.
Good Luck.
Answered on 4/08/07, 1:34 pm
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