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Adiman, it is not going to affect your kid’s credit at all. However, if you need to co-sign the mortgage or are looking at getting a dad or mum loan, then it’ll affect your skill to try this. For those who stroll away, the home will go through foreclosure. Before making this decision, be sure you verify whether or not the state you live in allows the lender to file a deficiency judgment towards you if the house is offered for lower than what’s owed.
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