QUESTION
Am I liable for a loan if my name is on the deed to the property but not on the mortgage?
Asked on Oct 31st, 2013 on Foreclosures - California
More details to this question:
My ex husband died and his name is the only name on the mortgage. Am I liable for that loan if my name is on the deed to the property?
1 ANSWER
Having your name on the deed does not make you liable for your husband's debt. The real questions concerns the community property and community debt laws in your state. In some states, the presumption is that all assets and all debts are shared by husband and wife.
Answered on Nov 19th, 2013 at 9:30 PM