Adding spouse to title after foreclosure good or bad?

j · Joined: 13 Dec 2005 Posts: 3

My husband & I bought a home. I signed a quick claim deed to
not add my name, due to medical collections. We had to fight
to keep out of foreclosure. It did go into foreclosure. We
did a FHA loan modification & continued making payments.

Our payments have been current for 29 mos., only one 30 day,
in 37 mos total.

Should we add me to the loan for credit? I’m still
reestablishing my credit. I'm not sure if this is good. The
loan shows on his credit report as adverse on 2 of the recent
checks. One just shows the number of times past 120 days &
the other also states status/open/current, was a foreclosure.

Whatever, the answer, we would like to secure my right to
ownership. If it is not best credit wise to add me how can we
insure that I have joint right to our home. We are still
making payments. We are planning to submit homestead papers
with both names on that. Yet, currently only his name is on
our home loan.

Thank you,
J.

The Mortgage-Pro · Site Admin Joined: 19 Jan 2005 Posts: 2248

You can not be added to a mortgage note. You can only be quit claimed on the deed.

j · Joined: 13 Dec 2005 Posts: 3

We were mailed a letter from the mortgage company, as they stated regarding a title change to add spouse.

They need the deed transferring title to both names.

My question is regarding doing this, would this reflect on my credit report when I do. Good or bad. It's bad on his, yet with current payment status 29 months.

If it does, how would I best add my name in whatever way to protect my right to ownership without having it show on my credit or again what would you do? (considering all things)

Thanks again.
J.