Legal Question in Real Estate Law in North Carolina
Am I held responsible for a mortgage if my name is on the deed but not on the mortgage?
Asked on 10/28/11, 9:55 am
1 Answer from Attorneys
Jeff Rosner
Rosner Law Firm P.A.
If you did not sign the promissory note, you are not legally responsible for any deficiency although obviously the property can be foreclosed on. However, it is possible that a foreclosure can still hurt your credit so you may want to look into that.
- Jeff
Answered on 10/28/11, 10:40 am