Legal Question in Real Estate Law in Florida

Re: Deed and Title

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No. If you never signed the Promissory Note, you have no financial responsibility to the lender. The only reason why lenders have spouses join in on the mortgage is to allow them to foreclose and regain possession of the property. The bank will file suit against you for foreclosure but should not be asking for any monies from you. If they are, you need to hire an attorney to represent you and take action to protect you immediately.

Scott R. Jay, Esq.

Re: Deed and Title

yes

Re: Deed and Title

You do not have a personal obligation to pay back the loan, however, if the mortgage is not paid the house will be foreclosed upon. Assuming you did not sign the promissory note, upon a foreclosure, you will have no liability with respect to the unpaid loan balance but the house will be lost by way of foreclosure. Should you require further assistance regarding this matter feel free to contact me to discuss the nature of such representation and the costs of same. Thank you.