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Foreclosure

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jean101 Guest	Posted: Wed Aug 11, 2010 8:20 am    Post subject: Foreclosure Like 0 Dislike 0 My house went into foreclosure. My name is on the mortgage only due to FL Law but not on the deed nor the note can the bank come after me for payment? The house was sold for a fraction of what my husband purchase it. So he has a deficiency mortgage. _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
netherton Joined: 17 Jun 2010 Posts: 200 Location: Fort Collins, CO 29.19 Dollars($)	Posted: Wed Aug 11, 2010 10:59 am    Post subject: Like 0 Dislike 0 If your name is on the mortgage then it is on the note as well, same thing. Contact a real estate attorney in FL to discuss your situation. _________________ Nic Netherton Mortgage Banker Cornerstone Mortgage Co Fort Collins, CO 80525 Nic Netherton Loans 970-226-2992 My Daily Rate Sheet
Jean101 Guest	Posted: Tue Aug 17, 2010 8:36 am    Post subject: Like 0 Dislike 0 My name isn't on the note. At the time of purchase I wasn't working and i had bad credit. The only reason I signed the mortgage is because we are married. The loan did not report in my credit I couldn't even call them if I had a question.
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Wed Aug 18, 2010 1:09 am    Post subject: Like 0 Dislike 0 Hi Jean, If your name is mentioned on the mortgage docs, then you're liable for the loan payments. In that case, the lender would be able to come after you for the payments. Thanks

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