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Old 01-03-2009, 04:02 PM
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Default About co-signing on a mortgage...?

Can a person co-sign on a home mortgage without being on the title and not be considered an owner?I assume this would make one liable for the debt without having equity in the home?
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Old 01-03-2009, 05:28 PM
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talk to the mortgage lender and your attorney.
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Old 01-09-2009, 04:50 PM
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Default Re: About co-signing on a mortgage...?

So your question is whether or not you would be considered an owner of the house? Well, first of all, if you co-sign, you would be legally obligated to the lender in case of any default. Initially you would be on title to the home, but you can QUIT CLAIM your interests to the other party which would legally make you NOT AN OWNER of the house. You would be responsible for the debt but you have QUIT CLAIMED all your LEGAL interest in the home to someone else. Hope this helps.
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