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on deed but not on loan in WA state

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Icon Mini Profile melisabiscayno





Joined: 14 Oct 2010

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1.46 Dollars($)
Post Posted: Thu Oct 14, 2010 6:06 pm    Post subject: on deed but not on loan in WA state
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What are my liabilities when home is being foreclosed?
Icon Mini Profile info20





Joined: 24 Sep 2011

Posts: 3

1.37 Dollars($)
Post Posted: Sat Sep 24, 2011 8:32 pm    Post subject: No..
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You have no liabilities...When people on the deed, but not on title.
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Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

Posts: 10477
Location: Nevada
990.06 Dollars($)
Post Posted: Sun Sep 25, 2011 10:00 pm    Post subject:
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Hi melisabiscayno,

If your name is not mentioned on the loan, then you won't be liable for paying anything if the property is sold off at a foreclosure auction. It won't affect your credit. However, you will lose the property.

Thanks
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