Can bank sue me if a house me and spouse own is foreclosed, but mortgage is only on spouse?
3 attorney answers
When a bank sues for foreclosure, it sues for three things: money, title and possession. If you did not sign the note, you will not be sued for money, but you will be named in the complaint for title and possession. Hope this perspective helps. When the foreclosure papers arrive you will need to read them carefully to ascertain your exposure.
As my colleagues have stated, it depends on if you signed the promissory note or have done something else that could lead to financial liability.
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For money? That would depend on whether you signed the Note. Hope this helps. gsg
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