forclosure on one house but not both
This is a discussion on forclosure on one house but not both within the Mortgages, Refinancing, Foreclosure forum, part of the Buying & Selling Property category; If I have a mortgage in my name but both my husband and my name are on the deed, is ...
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#1 |
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forclosure on one house but not both
If I have a mortgage in my name but both my husband and my name are on the deed, is he as responsible for the debt as I am?
If my husband invests into another property, in his name but both of us are on the deed, is his investment at jeopardy if I default on the loan that is in my name and foreclose ? |
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#2 |
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Normally the one that signed the loan documents is responsible unless you are in a community property state and signed after you were married.
As a practical matter, most lenders these days always try to have both spouses sign for any loan on a home. |
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#3 |
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By the way some loan documents permit cross default--ie default on one and you default on theirs. So check your docs closely.
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forclosure on one house but not both







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