Home Buying in Queen Creek>Question Details

Rachel, Home Buyer in Gilbert, AZ

if you have a cosigner can a company you owe money to take your home?

Asked by Rachel, Gilbert, AZ Mon Feb 2, 2009

Help the community by answering this question:

Answers

2
Hi Rachel!

If you've taken out a mortgage loan with you and a co-signer, and the house was pledged as collateral against the loan/note, then the lender can most likely foreclose on the property - regardless of who the co-signers are, or how many there are. You would be well advised to seek the counsel of a local Realtor and perhaps an attorney as well. ANd if you're already in pre-foreclosure, you need to shake a leg and find out your options right away.

Let me know if I can help further.

...randy
0 votes Thank Flag Link Tue Feb 3, 2009
Hi Rachel,

My advice with regards to your question would be to consult an attorney that specializes in Real Estate Law. Good luck.

Matt
0 votes Thank Flag Link Mon Feb 2, 2009
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer