If my name is on the deed for a home in forclosure but not the motgage itself...am I liable?

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If my name is on the deed for a home in forclosure but not the motgage itself...am I liable?

jerry

Posted on: 26th Oct, 2010 12:16 pm

if my name is on the deed but not the mortgage do i have to pay for the forclosure?

Total Reply : 1

Hi kikinsma,

As your name is not mentioned on the mortgage note, the foreclosure will not affect you. The lender won't come after you for the deficient amount resulting from the property sale though foreclosure.

Thanks,

Jerry

jerry

Posted on: 27th Oct, 2010 03:28 am

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