Me and my spouse are on the title of a house which is our primary residence. Home mortgage is solely on my spouse name. In the event of a foreclosure, can the bank sue me for money.We live in FL
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.
For money? That would depend on whether you signed the Note. Hope this helps. gsg
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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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