Will i be financially responsible if the loan defaults but will have no rights to the property?
Am I as my husbands wife in the state of Florida, required to sign a mortgage when i am not signing on the loan and will not be be on the deed? by j.jones from , . Aug 6th 2009
Debra Clark (Debra Clark)
#146 ranked lender in California - 42 contributions
If you are not on the property deed, you do not need to sign the mortgage docs. If your name is on the mortgage deed, then you will be responsible for paying the loan amount in case of default. If your name is not on the property deed, then you won't have ownership rights to the property.
Ask our community a question.
Get an answer
