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Deed vs. Mortgage Loan

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Hector Guest	Posted: Thu Aug 04, 2011 3:41 pm    Post subject: Deed vs. Mortgage Loan Like 0 Dislike 0 Will someone help me understand what it means when your name is included in the deed but not the mortgage loan _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Thu Aug 04, 2011 7:33 pm    Post subject: Like 0 Dislike 0 Hi Hector, It only means that you're the owner of the property but you're not responsible for the mortgage payments. If the property is foreclosed, though you'll lose it, you won't be liable for paying the deficient balance and your credit won't be affected. Thanks

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