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    Mdani14's Avatar
    Mdani14 Posts: 2, Reputation: 1
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    #1

    Jun 25, 2007, 07:07 AM
    Deed on Mortgage not on loan
    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's Avatar
    mr.yet Posts: 1,725, Reputation: 176
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    #2

    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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