Gary L. Davis's Answers

Can I let a house go if I own it as Joint Tenants?

If you did not sign the mortgage or note, you can not be personally responsible for the debt. The property can be foreclosed on and sold by the lender to satisfy the debt, but they can not sue you for the deficiency. In the oft chance that the deed that created the joint ownership was recorded before the mortgage was recorded, it might be a good idea to check with a real estate attorney in St. Pete. The attorney really needs to look at the recorded instruments to determine your rights and...