QUESTION
My wife has passed away. She refinanced our home in 2005 with a new first and second. The loans are in her name only. I was not allowed to co-sign.
Asked on Jul 26th, 2013 on Residential Real Estate - Colorado
More details to this question:
I can no longer afford to make the mortgage payments. If I walk away and allow the home to go into foreclosure, can the banks come after me for any monies?
1 ANSWER
3 Awards
You are in a very unique situation. You have no liability to the banks but if payments are not made the bank and foreclose.
I hope this helps.
Answered on Jul 26th, 2013 at 3:19 PM
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