Legal Question in Real Estate Law in California
If a father wife and daughter are paying on a mortgage are each obligated to pay their portion equally and does it have to be in writing to make it legal?
Asked on 1/15/14, 12:46 pm
1 Answer from Attorneys
William Christian
Rodi Pollock
Look at your promissory note. Most say the debt is joint and several. Thus each owes 100% of the note. Their realtionship or agreement between themselves, regardless of what it is, does not impact the lender.
Answered on 1/15/14, 1:11 pm