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    Niki Main's Avatar
    Niki Main Posts: 1, Reputation: 1
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    #1

    Dec 18, 2006, 11:05 AM
    My name was put on a quit claim togther with the owner of the house because I loaned him money and that was going to the way to insure that I got my money back. Since then, not knowing, a judgment was filed against me because the house was foreclosed on. I am not on the mortgage, there were no doc stamps paid during the transfer. How and can they put a judgment against me? I had moved so I never received any paper work regarding the above. Thank you and please someone respond to my situation.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Dec 18, 2006, 11:38 AM
    They can because some judge allowed it to happen.

    The laws on mortgage and deeds vary greatly from state to state.
    But if they were going to foreclose on the house, and you were part owner of the house I would "assume" you would have to be included since they are going to try and take your part of the house also.
    mr.yet's Avatar
    mr.yet Posts: 1,725, Reputation: 176
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    #3

    Dec 18, 2006, 11:48 AM
    Jointing the parties together is permitted in some states, which than holds both equally respondsible for the debt.

    What state do you live?

    Check the Court rules in your state.
    Cvillecpm's Avatar
    Cvillecpm Posts: 553, Reputation: 28
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    #4

    Dec 18, 2006, 12:28 PM
    You should not have gone on title just as security for a loan. In order to foreclose on the property, the process is needs to proceed against all documented property owners which means you,

    If your state allows non-judicial foreclosure, you may be OK as they will only take the property and no deficiency judgement will be in order... you need an attorney ASAP.
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