Real Estate Law
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Signing this document should not affect you at all IF you are not the borrower and/or liable for the debt. However, the mortgage company is likely requiring your ex-spouse to get this from you in order to guarantee that any equitable interest you may have in the marital residence is being transferred to it via the deed in lieu.
So, it shouldn't be any liability for you by doing this. That said, because you've issued a quitclaim deed to him, it is a little strange for the request.....but not unheard of.
If suit was filed, you would likely be able to get dismissed from the suit....but you'd likely have to sign a quitclaim deed over to the lender....which would be basically what you'd be doing here.
Your credit report and pubic records would note the foreclosure and you being named as a party.....so it's probably best to avoid that if possible.
Your credit report would show that you've been named as a defendant in the public record info section.....but if the loan doesn't show up on your report....the foreclosure wouldn't appear there either.
Deed in lieu shouldn't appear on your credit report.