0
Are you liable if your spouse has a foreclosure but your name is not on the loan or the final deed when it was signed back to the bank?
Wiki User
∙ 13y ago
The liability in foreclosure comes from the responsibility for the mortgage debt. Regardless of your legal ownership or interest in the home, you do not have liability for the mortgage debt if you are not a party to the loan (did not sign).
The home is the collateral for the loan and can be foreclosed and sold as recourse when the loan goes into default. While everyone who has an interest in the home loses their rights to the home when it is foreclosed, the liability for the loan and any negative actions associated with that (collections, lawsuits, negative credit reporting) belong solely to the signers on the loan.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Is a sheriff sale a part of a legal foreclosure action?
Yes, it is basically the final step in a foreclosure breore the new paperwork is signed.
Will a foreclosure on a construction loan have the same effect as foreclosure on an existing home?
Short Answer: Yes. You signed paperwork on the construction loan that would be very similar to the final loan. They will foreclose and sell the house at a sheriff's sale.
If there is an appeal pending on divorce is the divorce final?
No. The appeal is the answer from your spouse for your filing for divorce. A divorce in CA takes 6 months for a basic no fault divorce and with no other problems. Since CA is a community property state you need to settle all the assests in the marriage. Your divorce isn't final until you get the final signed court papers.
Can a co signer of a mortgage be taken off after foreclosure?
Nothing can be modified in the mortgage after a foreclosure since the right to entry and sale has been exercised and the mortgage is no longer active. The foreclosure is final, it has been reported to the credit bureaus and once completed it cannot be revisited.Nothing can be modified in the mortgage after a foreclosure since the right to entry and sale has been exercised and the mortgage is no longer active. The foreclosure is final, it has been reported to the credit bureaus and once completed it cannot be revisited.Nothing can be modified in the mortgage after a foreclosure since the right to entry and sale has been exercised and the mortgage is no longer active. The foreclosure is final, it has been reported to the credit bureaus and once completed it cannot be revisited.Nothing can be modified in the mortgage after a foreclosure since the right to entry and sale has been exercised and the mortgage is no longer active. The foreclosure is final, it has been reported to the credit bureaus and once completed it cannot be revisited.
How long can you stay in your home in Indiana once you receive final judgment of foreclosure?
In the Final Judgment of Foreclosure, there will be a date listed. You can stay in your (or what was your home) until that date. On that date, the sheriff will show up and will evict you and then they'll probably change the locks, too.
In Texas is a divorce final if the judge and both particpants have not signed the final dissolution document?
No, if the judge has not signed the final dissolution petition the marriage has not legally been dissolved.
Can you get married if you have not lived with your spouse for seven years and filed for your divorce?
You can not remarry until your divorce is final, signed and sealed. There might also be a waiting period before you can remarry in your state. Be sure to find out before you get hitched again.
If a waiver of statutory right to make funeral arrangements and designate final dispostion is signed by a surviving child over to the decedent's mother who is financially responsible for the burial?
The estate will be responsible for the burial costs, but the person making the arrangements may be held liable.
Where was the final peace treaty signed?
1779
When is a divorce finalized in the state of California from the time the first person served the other or when the other one contests it?
Neither is correct. A divorce becomes final after the judgment of divorce is signed by the judge.Neither is correct. A divorce becomes final after the judgment of divorce is signed by the judge.Neither is correct. A divorce becomes final after the judgment of divorce is signed by the judge.Neither is correct. A divorce becomes final after the judgment of divorce is signed by the judge.
Can you sue if your spouse committed adultery before a divorce was final?
No. The other person didn't commit adultery against you only your spouse did. Your spouse violated your marriage vows.
Does a final dispostion form have to be signed by a judge?
yes
