Legal Question in Real Estate Law in Florida

This puts your in in a difficult position. It seems that the way the structure of the transaction was set up you did not have to sign the mortgage on this properly. However, even if you can say that this is the situation if someone ran a credit check which is common it would seem to me that you would show up as a defendant in a foreclosure action because you have some interest in the property . The effects of this are your credit report could be effect an increase in your insurance rates,(homeowner,car,boat,etc.) loan rates, and other credit that you may have now or in the future. IF a credit bureau were to assume your position that it was not intended to be your loan obligation they still have a fiduciary responsibility to report that you are a defendant in a foreclosure action which will affect your credit directly. If you would like to discuss this with me further e-mail me your phone number or call me at my office to discuss your situation because it's different than the other couple . I have done him let a work in this area as a result of the economic decline and I can say to you that this is important to resolve in the correct way that gives you the maximum credit protection from these problems.