my parents had me sign on a condo they bought in 2006. to my knowledge, it was to receive a homestead exemption because i was living in the condo in college. my parents decided to stop making payments after i graduated and it finally foreclosed in 2016. this doesn't show up on my credit nor has it ever, but my signature is on the note as a borrower. i only found out recently about the foreclosure and that it affects me through trying to buy a house. it doesn't come up in a credit check but it does when lenders check for a foreclosure.
basically, why did i have to sign the note at all if it doesn't show in my credit and i was (supposedly) just needed for a tax exemption? is there a way out of this so i don't have to wait the standard 3-7 years to buy a house? i was 18 and mislead by my parents of all people.
also, how will a foreclosure affect me in the future when i'm finally able to buy a house?
Submitted March 18, 2017 at 09:31AM by haleyelah22 http://ift.tt/2nPTEDT
