Loan Modification Forum - LoanSafe.org - View Single Post - Need help with my situation

cdmosaic · 11-23-2008, 08:36 PM

Scott,

Just FYI - my spouses names is on the deed of trust and quit claim deed, but not on the note. We are three months behind and checking credit today, the deliquncy is not on her credit report or the loan for that matter. Mine however, is a different story having taken a 250 point hit in three months. Ouch. Oh well, my credit will recover before the housing market.

We fully expect to buy another home using her credit and income at some point in the future, but not for a while. I think I'll wait and see how low the housing market will go first. Here in the SF Bay Area to qualify on one teacher's income it will need to go a little lower.....

11-23-2008, 08:36 PM	#11 (permalink)
cdmosaic Senior Member Join Date: Aug 2008 Location: East Contra Costa County, Ca Posts: 157 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Need help with my situation - would like to walk Scott, Just FYI - my spouses names is on the deed of trust and quit claim deed, but not on the note. We are three months behind and checking credit today, the deliquncy is not on her credit report or the loan for that matter. Mine however, is a different story having taken a 250 point hit in three months. Ouch. Oh well, my credit will recover before the housing market. We fully expect to buy another home using her credit and income at some point in the future, but not for a while. I think I'll wait and see how low the housing market will go first. Here in the SF Bay Area to qualify on one teacher's income it will need to go a little lower.....