Deed on Mortgage not on loan

Mdani14 · #1 Jun 25, 2007, 07:07 AM

My daughter's name is on the deed but not on the loan but yet she received a letter stating that property is in preforeclosure. Since she is not on the loan would she be affected in any way when she plans to buy a new house on her own. What should she do at this time

mr.yet · Jun 25, 2007, 07:13 AM

Since her name is only on the deed and the other party is near or in default on the mortgage. they notified her because of that .

Now the attorney will most likely petition the court to joint her to the mortgage so that the foreclose on the property.

She need to contact and attorney.



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