Legal Question in Real Estate Law in New York
mortgage loan
Can a husband be financially responsible for a mortgage if he is on the note but not the loan?
Asked on 12/18/07, 11:03 am
1 Answer from Attorneys
Michael Markowitz
Michael A. Markowitz, PC
Re: mortgage loan
The mortgage is the lien on the property. The note is the obligation. Therefore, if your husband signed the note he is financially responsible to the bank.
Answered on 12/18/07, 1:37 pm
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