Legal Question in Real Estate Law in Georgia
On security deed not on loan
I just recieved a foreclosure notice from an attourney naming my husband and I both as borrowers. However at the mortgage was only signed under his name. I was added to the security deed later. I never signed any thing assumig responsibility for this loan, and he has always been the only person listed on all statements. Does this mean I'm also responsible for this foreclosure?
2 Answers from Attorneys
Re: On security deed not on loan
That is unusual for you to have not been on the original mortgage but later added to the security deed. All these documents need to reviewed. Consult with a local attorney.
Re: On security deed not on loan
You are generally only liable for loans you sign for. You got notice because you are on the security deed.
Related Questions & Answers
-
Life Estate loan Can a life estate loan be forclosed Asked 6/08/09, 1:42 pm in United States Georgia Real Estate and Real Property