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Will the bank put a lien on my home that is in my name and my fathers name

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sunedaise Joined: 12 Mar 2009 Posts: 1 1.00 Dollars($)	Posted: Thu Mar 12, 2009 4:14 pm    Post subject: Will the bank put a lien on my home that is in my name and m Like 0 Dislike 0 I live in Florida and my home mortgage is in my fathers name. But the deed is in my, my husband and my fathers name. Now my father has a "second property" that he is going to let go into foreclosure due to the failing market. My question is..if he forecloses on his other property are they going to come after MY home since it is in his name also? I can't take him off the deed b/c I can't get a mortgage in my name due to my bad credit. Are they going to put a lien on my house? Thank you!!
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Thu Mar 12, 2009 8:43 pm    Post subject: Like 0 Dislike 0 Hi sunedaise, As the deed to your property has your father's name, there are chances that the lender would come after it. If the foreclosure sale of your father's property leads to a deficient amount, then the lender may place lien on your property. However, if your father pays off the deficient amount resulting from the foreclosure sale, then you don't have to worry. Thanks

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