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mrrich2000 · Joined: 17 Jul 2010 Posts: 1 1.30 Dollars($)

My wife obtained the mortgage in her name only. However, we are both listed as owners of the property being foreclosed. We were both presented with Summons indicating foreclosure has been filed. I am concerned with my liability to the mortgage. If I did not sign the promissory note, am I liable for any deficiencies by the Lender foreclosing once they receive a default judgement??

Niicss · Posted: Mon Jul 19, 2010 3:27 am Post subject:

As your name is not mentioned on the mortgage docs, you won't be responsible for the loan once the property is foreclosed by the lender. He won't come after you for the deficient balance. Also, your credit won't be affected due to this foreclosure.

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If I am not listed as a signer on the mortgage, but I am in title to the property, does the judicial foreclosure in Florida allow the lender to come after me for any deficiencies?

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