Name on the deed not on the note, will it affect my credit
I bought an expensive parcel of land with 2 partners. The property is on short sale right now, only 1 partner's name is on the mortgage/note, the other 2 are just on the deed via quit claim. However, all 3 of us got served by the court. Are we responsible for the mortgage/note, though our names are not on it? What happens if it doesn't sell and forecloses, will it affect the 2 partners that are on the deed and not the mortgage/note? Thank you.