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signed mortgage but not loan or on deed

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Dianne Guest	Posted: Wed Aug 05, 2009 7:21 pm    Post subject: signed mortgage but not loan or on deed Like 0 Dislike 0 Am I as my husbands wife in the state of Florida, required to sign a mortgage when i am not signing on the loan and will not be be on the deed? Will i be financially responsible if the loan defaults but will have no rights to the property? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
adonis Joined: 22 Oct 2005 Posts: 10242 Location: ALASKA 1042.50 Dollars($)	Posted: Thu Aug 06, 2009 12:24 am    Post subject: Like 0 Dislike 0 Hi Dianne, If you are not on the property deed, you do not need to sign the mortgage docs. If your name is on the mortgage deed, then you will be responsible for paying the loan amount in case of default. If your name is not on the property deed, then you won't have ownership rights to the property. _________________ Procrastination is the enemy of your financial success
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12330 Location: bloomfield, ct 50.03 Dollars($)	Posted: Thu Aug 06, 2009 7:45 am    Post subject: Like 0 Dislike 0 if you really want a legal question answered, you ought to take said question to a legal expert - in Florida. i don't mean to disparage adonis' answer, but if he is located in alaska (per his profile), then i'd suspect his expertise in florida law might be limited. _________________ George M. Akerley Independent Contractor - Mortgage Consultant Word of Excellence Editing/Writing/Proofreading 860-221-5044

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