mortgage liability question

02-02-2009, 07:43 AM

lovetheson lovetheson is offline

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mortgage liability question

What is the name of your state (only U.S. law)? Maryland
Currently only my name is on the title to the house I share with my best friend. We plan on refinancing soon. If my friends name is on this new mortgage refinance with mine when we get this loan together, but not on the title - would the house still be safe from any attachments from creditors if my friend were unable to pay a high hospital bill (for example) due to lack of health insurance? Would the house not be considered an asset since the title is in my name only even though the loan would have both our names? The original mortgage is in my name only also.

What is the name of your state (only U.S. law)?

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