my name on deed not mortgage never married if house forecloses my credit affected and can i buy my own home?

It' surprises me that all are saying your ok.. the reality is that your not ok.. on the official loan application (Form 1003), on page 4, Section VIII, Declarations, item C Asks... "Have you had property foreclosed upon or given title or deed in lieu thereof in the last 7 years". Since you were on the title, you cannot answer this question as "NO". This question is different from Item E, which ask if any LOAN that you have been obligated on foreclosed. If you mark item "C" as NO, you will be lying.. and would constitute as loan fraud. Another thing that will draw the underwriters attention is regarding your residence history.. you have to list the your residence history and indicate whether you owned or rented.. You would have to mark "Owned".. since you were listed on the title as one of the owners. the lender will do their due diligence and look up the property address and would be able to see if it was foreclosed or not.. if you mark "Rent", you'll be lying, and if you don't mark either, the lender will want a written explanation. No matter how you look at it, your will not meet the guidelines as written without committing loan fraud. The mandatory waiting period for a mortgage after a foreclosure is 3 years with FHA, or 12 months if you can document 20% reduction in income. The easiest way around this would be to get your name off the deed before the home goes into foreclosure. If the home already foreclosed or the foreclosure proceedings have already started, then it's too late.. the foreclosure will not show on your credit if your name was not on the mortgage, but you would still have ownership in a home that was foreclosed, and this would make you ineligible until 3 years has passed.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Yes you can. Luckily you will slip under the radar. Andrew

Jenn -- Yes you can buy your own home is what I meant. It will not show up on your credit. Andrew

Except in rare circumstances, you will be fine.

i agree with William, if you do not disclose, you will be committing mortgage fraud!

Your name is mentioned just on the property deed but not on the mortgage. In such a situation, you are just the owner of the property but not liable for the mortgage. If the property is foreclosed, your credit will not be affected and the lender will not be able to come after you in order to recover the dues. If the foreclosure is not reported on your credit report, then you will be able to qualify for a loan in order to buy a property.