I am on the deed to a property but not the loan. Can the lender sue me. Property is in foreclosure.?
I am going through a divorce and my ex is a deadbeat. He is not paying any mortgages and refused to give me the mortgage information so that I could pay the mortgages. The properties are all going in to foreclosure and I got a notice to appear in court. I am not financially responsible because I am not on the note so why do I have to go to court?
Public Comments
- Because your name is on the deed making you an owner of the property. This makes you financially responsible whether you are on the note or no. I know this because this is how my husband and I are listed on our house. Our attorney gave us all the facts and this is one I really remember.
- because you are on title, the lender is making you aware of the foreclosure proceeding. You are not obligated to pay the debt at all. What you need to do is to get an attorney. The attorney can best protect your interest in the property and resolve this issue. Regards
- I would think that this would be a state-specific question? Ordinarily I would say you would not have any responsibility, because you didn't sign on the mortgage and so they would only have recourse against the person who signed. But perhaps there is some liability because you were married to the person who did sign? I would not think that being on the deed would give you any liability, as a matter of fact I would think you would be notified by the court because they want you to know what is going on...
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