Compare Mortgage Quotes

waldonscotta · Joined: 08 Oct 2009 Posts: 1 1.29 Dollars($)

me and my wife own a home. I am not on the mortgage loan only my wife is. I am on the title. Me and my wife are now divorced. if she defaults on the mortage am i responsible for the loan. I say again I am not on the loan,just the title.

jenkin7 · Posted: Fri Oct 09, 2009 2:09 am Post subject:

Hi waldonscotta,

As you are not on the loan, you are not legally responsible for it. The lender cannot come after you for the payments. But since the home is security for the mortgage, in case of a default on the loan the lender can foreclose on the property.

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)

Since your name is onlu on the property, you are not laible to pay anythign if your wife defaults

But if the house goes in to foreclosure, it will show up on your credit report, but may not affect your score

Company	Loan Type	APR	Est. Pmt.
				Go
				Go
				Go
				Go
				Go
				Go

Property State:
Property Type:
Credit Rating:

All times are GMT - 7 Hours

Page 1 of 1

Compare Mortgage Quotes

not on loan just title