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How will it affect a co-owner's credit rating if a previous owner who declared bankruptcy is put back on the deed?
Wiki User
∙ 17y ago
Deeds and title's to real property have no bearing on credit scores. It might be wise to consider the possibility of placing the property at risk if the joint owner should incur financial difficulties in the future.
Wiki User
∙ 17y ago
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If you buy a house from someone who has declared bankruptcy how will it affect your credit rating?
==Answer == Not in any way. Your credit rating is only determined by how YOU handle your credit on anything that is in your name.
Does bankruptcy affect eic eligibility?
no
How will bankruptcy affect the sale of real estate property?
No property can be sold, transferred, refinanced, etc. while in bankruptcy without the permission of the bankruptcy court.
Will your credit rating be affected by your partner filing bankruptcy?
If your partner files for bankruptcy and you don't then the bankruptcy will not appear on your credit report. But you will be partly responsible for before bankruptcy filing. Generally filing bankruptcy will affect the credit rating of the individual who filed it.
What is the best approach to file for bankruptcy?
The best approach to file for bankruptcy is to first evaluate your current situation. Is it truly bankruptcy? How will this affect you? If you decide that bankruptcy is the only way, this is what you must do. Contact a bankruptcy attorney to make sure that it is all done correctly. That is the only way to make sure.
If you buy a house from someone who has declared bankruptcy how will it affect your credit rating?
==Answer == Not in any way. Your credit rating is only determined by how YOU handle your credit on anything that is in your name.
Can bankruptcy affect your IRA?
NO
Does bankruptcy affect eic eligibility?
no
How would bankruptcy affect a license to sell insurance?
Bankruptcy would not affect your license to sell insurance in any way. It does not affect your ability to continue to make money.
How long do you have to wait to file another chapter 7 if you filed one before the new bankruptcy laws took affect?
8 years from the date of discharge of the previous chapter 7.
Where can you find information about corporate bankruptcy laws?
Does corporate bankruptcy affect personal credit?
Does file bankruptcy affect tax return?
No
Will bashas bankruptcy affect your pension?
no gehegle
Can you get a marriage visa from Australia if you have filed for bankruptcy?
In what ways affect a bankruptcy your Australian marriage visa?
How does my poor credit and or bankruptcy affect my children getting student loans?
It does not affect them.
I am nearing retirement and have many credit card bills to pay which i cannot afford. is bankruptcy an answer and will it affect my partner if it is personal bankruptcy?
You should definitely discuss bankruptcy with an experienced attorney. It will affect your partner only if you have joint debts that wll have to be listed in the bankruptcy. S/he will have to pay the debt.
Will a co signers bankruptcy in Maryland effect your credit in pa?
If your co-signer has declared bankruptcy but you have not and are current on your payments it will affect your credit until the original loan is paid off regardless of what state you are in. Once that loan is paid off and your connection to the other persons credit is severed you will operate on your own credit score.
