Posted on: 14th Oct, 2010 06:06 pm
What are my liabilities when home is being foreclosed?
You have no liabilities...When people on the deed, but not on title.
Hi melisabiscayno,
If your name is not mentioned on the loan, then you won't be liable for paying anything if the property is sold off at a foreclosure auction. It won't affect your credit. However, you will lose the property.
Thanks
If your name is not mentioned on the loan, then you won't be liable for paying anything if the property is sold off at a foreclosure auction. It won't affect your credit. However, you will lose the property.
Thanks