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Is my wife legally responsible for mortgage loan if her name is only on the deed?

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stephenp1911 Joined: 02 Mar 2011 Posts: 1 1.35 Dollars($)	Posted: Wed Mar 02, 2011 7:01 pm    Post subject: Is my wife legally responsible for mortgage loan if her name Like 0 Dislike 0 I live in Tennessee. I purchased a home with my wifes sister who lives with us. My wifes name is only on the deed, which I understand makes her part owner. But her name is not on the loan contract. The only names on the contract are mine and my sister-in-laws'. Is or will my wife ever be legally responsible for paying on the loan.
greg3 Joined: 18 Jun 2010 Posts: 121 Location: California 21.39 Dollars($)	Posted: Wed Mar 02, 2011 8:55 pm    Post subject: Like 0 Dislike 0 Quote: Is or will my wife ever be legally responsible for paying on the loan. No. If she is not on the note, she is not responsible. Tennessee is also not a community property state so there is also no way she could be held liable under community property laws. As this may be construed as legal advice, I must say that I am not an attorney and you should consult one for your specific situation. _________________ Gregorio Denny Tripoint Mortgage Group, Inc 800-335-6897 NMLS# 247044 WeFixRates.Com
Stephen Preciado Guest	Posted: Thu Mar 03, 2011 5:30 am    Post subject: Like 0 Dislike 0 I live in Tennessee. I purchased a home with my wifes sister who lives with us. My wifes name is only on the deed, which I understand makes her part owner. But her name is not on the loan contract. The only names on the contract are mine and my sister-in-laws'. Is or will my wife ever be legally responsible for paying on the loan. Can you suggest where I might get free legal advise regarding this matter?
Stephen Preciado Guest	Posted: Thu Mar 03, 2011 5:33 am    Post subject: Wifes name on deed, but not loan contract for house mortgage Like 0 Dislike 0 Can you suggest where I might get free legal advise regarding this matter?
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Thu Mar 03, 2011 11:56 pm    Post subject: Like 0 Dislike 0 Hi Stephen! Welcome to forums! If your wife's name is not mentioned on the mortgage docs, then she won't be liable for paying off any mortgage dues. The lender won't be able to come after her as she is not on the mortgage docs. Feel free to ask if you've further queries. Sussane

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