Yes, once they sue and get a judgment against you.
Bankruptcy may be a good option for you. Most consumer bankruptcy attorneys offer a free initial consultation.
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If you signed the Promissory Note then you may still be liable for the debt. If you only signed the Mortgage and not the Promissory Note than you should not be liable for the debt. The Note & Mortgage are 2 separate things. The Promissory Note is the promise to repay the debt. The Mortgage grants the lender a lien on your property. It is very common to have a person sign the mortgage and Not sign the Note
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If they get a judgment against you, they can garnish the bank account.
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