Consumer Protection
questions & answers
Question: My former wife lives in a home that has both our names on the deed. I have not lived there for over 40 years. Do I have any liability and if so how can I protect myself?
Answer: If a person is listed both on the note and the deed of trust, the individual may be considered a borrower by the lender. Contact the lender to determine if you are liable for the mortgage. Also, contact an attorney to determine if providing a copy of the divorce decree will release you from liability.
QUESTIONS
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My former wife lives in a home that has both our names on the deed. I have not lived there for over 40 years. Do I have any liability and if so how can I protect myself?
STORIES
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He told me that I could actually get all the money I needed by using my home as collateral. . .
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I just helped my mother, age 89, deal with her Medicare HMO. . .
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Age discrimination in the workplace. . .
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