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Old 07-24-2007, 09:35 AM
Dan T Dan T is offline
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Join Date: Jul 2007
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Default My house is going into foreclosure. Parents bought the house but we are the deed...

...owner of the house.? Parents transfer the house ownership to us. Would that affect our credit score even through we are not the borrower? I mean giving up the house that is.
My parents know of this and they are supporting me out of this but overall they are not living in the US anymore. Their credit score doesnt matter to them but of course wouldnt want me to do anything bad for everyone here as well. No equity on the house. values around here in CA going down since I purchased the house 1.5yr ago.
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