Wife only signe note - Loan Modification Forum

andre81946 · 05-21-2009, 12:43 PM

In the case we have our home foreclosure we both have to bankruptcy? The loan(note) is only in my wife name but i did sign the mortgage .Thanks

Marshall Rosenbach Esq. · 05-22-2009, 11:00 AM

If you signed the mortgage, then you are going to be on the hook for any deficiency also....assuming you owe more than the property is worth. You should definitely try getting a modification BEFORE you file a bankruptcy. You need to do this as soon as possible. Don't wait until the month or week before the foreclosure sale date.

05-21-2009, 12:43 PM	#1 (permalink)
andre81946 Member Join Date: May 2009 Posts: 5 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Wife only signe note In the case we have our home foreclosure we both have to bankruptcy? The loan(note) is only in my wife name but i did sign the mortgage .Thanks

05-22-2009, 11:00 AM	#2 (permalink)
Marshall Rosenbach Esq. Real Estate & Mortgage Law Attorney Join Date: Jan 2008 Posts: 88 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Wife only signe note If you signed the mortgage, then you are going to be on the hook for any deficiency also....assuming you owe more than the property is worth. You should definitely try getting a modification BEFORE you file a bankruptcy. You need to do this as soon as possible. Don't wait until the month or week before the foreclosure sale date. __________________ Law Offices of Marshall E. Rosenbach Please call me anytime at (561) 627-8990 www.FloridaLoanLaw.com The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Licensed to practice law in the states of California & Florida.

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