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re: Never pay off your house?

Posted on 3/11/09 at 11:09 pm to
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 3/11/09 at 11:09 pm to
quote:

I assume you are asking if his mortgage with his father gets reported? No, it doesn't.


It does if dad reports it and can back it up in court with a signed contract. Doesn't happen often but it could.
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 3/11/09 at 11:12 pm to
quote:

signed legal documents




That is the way to handle it. Too many people equate family with "being understanding" of a default.
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