Legal Question in Real Estate Law in Oklahoma
second mtg loan
my husband signed a second mtg loan without my ok, is this a legal binding contract in okla. he borrowed the money for a business that has failed would bankruptcy eliminate this loan
Asked on 1/30/09, 6:33 pm
1 Answer from Attorneys
Kurt Kennedy
Kurt M. Kennedy,Attorney at Law
Re: second mtg loan
This is a fairly complicated area of the law and a number of exceptions apply. I would need to examine all of the relevant documents and obtain all of the facts on the transaction to be able to advise you specifically. Generally speaking however, if the property used to secure the loan is your homestead and you did not sign the mortgage, then the mortgage is void.
If you would like to discuss your situation in detail, please give me a call to schedule an appointment.
Answered on 2/02/09, 10:26 am
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