Is there a form I can sign showing I pay my daughter's mortgage late and she is not liable?
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Answer:
Contracts are agreements that are legally enforceable. A contract is an agreement between two parties that creates an obligation to do or refrain from doing a particular thing. The purpose of a contract is to establish the terms of the agreement by which the parties have fixed their rights and duties. An oral contract is an agreement made with spoken words and either no writing or only partially written. An oral contract may generally be enforced the same as a written agreement. However, it is much more difficult with an oral contract to prove its existence or the terms.
An affidavit is a sworn statement often used to detail the facts that may be necessary as proof of a claim. An assignment or assumption of a mortgage may be made, but it typically requires the approval of the lender.
Erroneous information that is verified as erroneous must be dropped from your credit report after being disputed as erroneous. Under the Fair Credit Reporting Act (FCRA), unverified information must be deleted. However, if a party is on record with the debtor as being liable for a debt and defaults in payment, the default in unlikely to be found erroneous unless the creditor had reason to know the party was no longer liable as a debtor on the account.