Real Estate Law
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If you signed off agreeing to allow the property to be used as collateral for the loan that the other owners took out, then that would encumber the property and would have to be paid off out of any sales proceeds in order to be able to convey clear title to the buyer. A property can't be conveyed if there is a debt on it as that is a cloud on the title.
With that said, if you didn't cosign their loan as guarantors, and only to pledge the property as collateral, then you aren't personally responsible for their debt. But it would have to be paid off before the property could be transferred to the buyer.
Unfortunately your recourse is to sue the other owners for the debt that you were essentially forced to pay on their behalf so that the property could be sold free and clear.
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