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teresinski6 Joined: 14 Nov 2009 Posts: 1 1.25 Dollars($)	Posted: Sat Nov 14, 2009 11:41 am    Post subject: yes Like 0 Dislike 0 if 2 names are on a mortgage but only 1 name is on the deed are both parties responsible for the loan if the house goes into forclosure? The house is in orlando fl.
smithsussane Joined: 18 Sep 2008 Posts: 10030 Location: Alaska 919.49 Dollars($)	Posted: Sun Nov 15, 2009 10:58 pm    Post subject: Like 0 Dislike 0 Hi teresinski! Welcome to forums! As both the names are on the mortgage deed, then both of you are responsible for the mortgage payments. A foreclosure will affect both of them and their credit will be ruined. Also, the lender would be able to sue both of them to pay off the deficient mortgage balance. Feel free to ask if you've further queries. Sussane

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