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Are you responsible for the mortgage in a foreclosure when im not on the mortgage?

In: Loans, Mortgages, Home Equity and Refinancing, Money Management [Edit categories]

Relevant answers:

Who is responsible for mortgage on an estate foreclosure?
The estate is responsible for the mortgage.
Are the heirs to a property in foreclosure responsible for mortgage?
The estate is responsible for the debts of the deceased. None of the assets can be distributed until the debts have been paid. The bank has a prior lien on the property. The foreclosure of that...
What if you are in foreclosure are you responsible for the second mortgage if the second mortgage?
If your first mortgage is in the process of foreclosure that foreclosure will extinguish the second mortgage as to the real estate. The foreclosure of the first mortgage terminates all subsequent...
If your name is on the deed but not the mortgage who is responsible for the mortgage when the house?
The mortgage will be paid off from the proceeds of the sale. The buyer's attorney will make certain the mortgage is paid off before the buyer takes title.
Is the buyer responsible for any liens when purchasing a mortgage foreclosure?
Yes. There may be liens.That is the reason any buyer must have the title to the property examined by a professional so that any and all liens and other interests will be exposed. Many buyers at...