Re: HELP, am I still the owner?

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Posted by Lughead on August 31, 2003 at 02:37:47:

In Reply to: HELP, am I still the owner? posted by gloria on July 07, 2003 at 16:05:48:

the person who bought the second is the owner

HOWEVER - the 1st TD is in your name and will remain in your name!!! - thus if the person who bought the second paid for a time and then stopped paying, the 1st may foreclose - since as far as they are concerned you signed for the loan, they will foreclose against your name even though title to the property is in anothers name....

hope that helps

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: the person who bought the second is the owner 





: HOWEVER - the 1st TD is in your name and will remain in your name!!! - thus if the person who bought the second paid for a time and then stopped paying, the 1st may foreclose - since as far as they are concerned you signed for the loan, they will foreclose against your name even though title to the property is in anothers name....





: hope that helps











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