Am I responsible for mortgage loan?

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Icon Mini Profile sticks8144




Joined: 09 Sep 2009

Posts: 3

2.38 Dollars($)
PostPosted: Tue Nov 03, 2009 6:17 am    Post subject: Am I responsible for mortgage loan?

I bought a home in Maryland with my boyfriend. I am not on the mortgage loan but my name is on the "deed of trust". I pulled my credit report and the mortgage loan is not listed. The home may go to forclosure. Can the bank hold me responsible if he defaults? If I do a "quick claim deed" transfer to relinquish my interest in the property, will that remove my name from the "deed of trust"?
Icon Mini Profile sonjakracine




Joined: 24 Oct 2007

Posts: 73
Location: Lafayette,IN
14.50 Dollars($)
PostPosted: Tue Nov 03, 2009 8:32 am    Post subject:

You are totally right just sign the deed the house back to him and you're out of the picture.
_________________
Sonja Racine
Home Mortgage Consultant
www.wfhm.com/loans/sonja-racine
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