Have Legal Questions? Ask a Lawyer Now.
DISCLAIMER - This answer is not legal advice. No attorney-client relationship is formed. The information provided is for educational purposes only. For specific advice regarding your situation, please consult a qualified attorney in your area.
Yes and no. You are not technically responsible for the debt if you did not sign as a co-signor or guarantor, but if the payments are not made, the bank can foreclose on the property and take it. Your credit would not be affected but you would lose the house.