Posted on: 22nd Aug, 2008 07:32 pm
If the owners on Deed the Trust are not all borrowers, are all owners liable for the note or just the one who is the borrower
Hi rbbhunts,
Welcome to forums.
Not all owners are liable for the note if they aren't on the loan. But yes, if the other owners wold like to retain the home, they'll have to make payments on the loan in case the borrower doesn't or fails to do so.
Thanks
Welcome to forums.
Not all owners are liable for the note if they aren't on the loan. But yes, if the other owners wold like to retain the home, they'll have to make payments on the loan in case the borrower doesn't or fails to do so.
Thanks