What is the name of your state? GA
If a property is owned be two people, and one gets a mortgage without the other's knowledge, can the bank take action against the property? About 80% of the value is owed.
The security deed is only signed by one of the two parties. The warranty deed, naming both was properly recorded years earlier, so there shouldn't be any claim of ignorance on the bank's part with regard to who all owned the property.
Can the bank demand the property be sold and collect on half?
If a property is owned be two people, and one gets a mortgage without the other's knowledge, can the bank take action against the property? About 80% of the value is owed.
The security deed is only signed by one of the two parties. The warranty deed, naming both was properly recorded years earlier, so there shouldn't be any claim of ignorance on the bank's part with regard to who all owned the property.
Can the bank demand the property be sold and collect on half?