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My ex boyfriend and i purchased a home 3 years ago. The loan was on his name ONLY( at the time i didnt qualify to be given the loan) . I in the other hand was able to be listed in the deed. I have moved out of the residence and i believe he is either in short sale or foreclosure proceedings. is the bank able to to sue me for a deficiency loan even though i never was part of the loan? just because i was listed in the deed? I live in NJ and so is the property. thank you

smithsussane · Posted: Tue Mar 16, 2010 12:35 am Post subject:

Hi vasquez!

Welcome to forums!

If the mortgage was in your ex-boyfriend's name, then you won't be liable for paying it off. If the property is in foreclosure, then the lender will sue him for the deficient balance and not you.

Feel free to ask if you've further queries.

Sussane

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