Senior Contributor
O6
Posts: 3,626
Registered: ‎10-13-2009
Re: NOT JOINTLY PURCHASED

LIGHTNIN wrote:

Hi and Welcome to the forums:smileyhappy:

 

Your name isn't on the mortgage so it will not effect your credit.

Did he buy the vacant land solely by himself ? If yes, then whatever he does reflects his credit only.effected.

 

Your credit only reflects what is your name on your credit report.

Have you pulled your recent credit reports?


 

I wish it were that easy. 

 

There are many factors to consider not the least of which is whether they are in a community property state or not.  If in a community property state, if and when the spouse defaults, CAs can go after the other spouse and / or they can be sued.  If either of these things happen, it most certainly can find it's way onto credit reports.

IAALBNYL