Legal Question in Real Estate Law in Texas

I brought a house 15 months ago with the understanding I was assuming the mortgage. The bank never approved the assumption. They said that is not their policy & they were never notified. So I am not on the mortgage note, the previous owners are. Even though the deed/title is in my name & I've been making the payments, can I walk away & not be held liable?


Asked on 8/13/11, 1:32 pm

1 Answer from Attorneys
Mark Dunn Mark D. Dunn

Yes. It isn't your debt.

Read more
Answered on 8/14/11, 6:16 pm


Related Questions & Answers

More Real Estate and Real Property questions and answers in Texas