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    procvar's Avatar
    procvar Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Mar 16, 2010, 06:32 PM
    Loan Default for Co-owner, but not co-borrower
    My name is on the deed as a co-owner, but I'm not on the loan documents at all.
    What happens if the loan defaults ? Would I be liable for any financial charges ?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Mar 16, 2010, 06:36 PM

    You shouldn't, but you could lose your interest in the property.
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