Share |

Brian, I was wondering if you could answer a question for me that I keep ge

Brian, I was wondering if you could answer a question for me that I keep getting conflicting answers to. If I am not on a note or a deed, but on the mortgage, am I on title to the property? If the property is foreclosed on, will I be part of the foreclosure process even though I am not on the note or the deed? Will this affect my credit?

Asked on 12:00 am Jun 27th 2011

Anonymous

Comment

Add your comment

3 Answers

Votes Older Newer

The two are seperate - however if you are on the mortgage and it forecloses you will be hurt on credit as a result. If on the mortgage you are financially accountable for the payment. I am a little confused though the note is the mortgage - the deed is the title if you are on the mortgage you are on the note if you are on the deed you are on title B

Answered on 10:40 pm Jun 27th 2011

Anonymous

Comment

Add your comment

The mortgage and note are two separate documents. The note is the obligation to pay -- the mortgage secures the property to the note. I am not on the note (obligation to pay), note on the deed, only on the mortgage.

Answered on 7:11 pm Jun 28th 2011

Anonymous

Comment

Add your comment

I meant not on the deed in the above post.

Answered on 7:12 pm Jun 28th 2011

Anonymous

Comment

Add your comment

Write Your Answer

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0

^Go back to top

Page generated in 5.241897 seconds.

Ask Question

Brian, I was wondering if you could answer a question for me that I keep ge

Write Your Answer