loan assumption

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Posted by got out? on February 12, 2003 at 13:03:23:

I had a mobile home financed and lived in it for a couple of years... I relocated w/ work and couldn't move it... Long story short... I entered into the homeowners assistance program with the creditor for them to assist in finding someone to assume the loan. I completed some paperwork giving them the power to do so... It sold after several months and I am out of the picture... does this negatively impact my credit. My account was current when the other person took it over.

Follow Ups:

• Re: loan assumption - Jim V 20:34:06 02/14/03 (0)

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: I had a mobile home financed and lived in it for a couple of years... I relocated w/ work and couldn't move it... Long story short... I entered into the homeowners assistance program with the creditor for them to assist in finding someone to assume the loan. I completed some paperwork giving them the power to do so... It sold after several months and I am out of the picture... does this negatively impact my credit.  My account was current when the other person took it over.


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