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Angel60jh · Joined: 24 Oct 2009 Posts: 2 1.38 Dollars($)

If you are on the deed but not the mortgage and someone files bankruptcy can they come after you for any part of the loan

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

If the loan is nto paid as commited, the lender will go after the person who took the loan

If that person is filign for bankruptcy, then they might work out a payment plan with them

Angel60jh · Joined: 24 Oct 2009 Posts: 2 1.38 Dollars($)

What about the person that was quitclaimed on the deed? They are not on the loan by the way

raymond · Posted: Sat Oct 24, 2009 2:24 pm Post subject:

The Lender can't come after anybody that's not on the Note - and it gets messy for the Lienholder when somebody is on Title but not the Note. That's one of the reasons most Notes have a due-on-sale clause that says the Lender can call the Note due and payable if Title has been modified after the Note is signed.

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