If my husband and I purchased a house 3 years ago and I am on the title but I did not signed the note, am I financially responsible for the house?
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If my husband and I purchased a house 3 years ago and I am on the title but I did not signed the note, am I financially responsible for the house?
I know that I still have to pay HOA fees. How can I take my name of the title so I don’t have to pay this fees?
Asked on May 16, 2012 under Real Estate Law, Virginia
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
What that means is that you do not owe the money to the Lender. However, because you own the property (on Title) you will be served and noted as a defendant in any foreclosure action. So you could in fact lose the property. In order to get your name off of the title you will need to transfer it by executing a deed. Seek legal help here. Good luck.
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