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Tina
Tina, Lawyer
Category: Real Estate Law
Satisfied Customers: 5436
Experience:  17 years of legal experience including real estate law.
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I am purchasing a 50% interest on a home through the

Customer Question

I am purchasing a 50% interest on a home through the bankruptcy court. The home has a mortgage. If I purchase the 50% interest in the home am I also taking the mortgage liability? In other words in case the co-owner stops paying the mortgage will I be responsible for the payments?
Submitted: 9 months ago.
Category: Real Estate Law
Expert:  Law Educator, Esq. replied 9 months ago.

Thank you for your question. I look forward to working with you to provide you the information you are seeking for educational purposes only.

This all depends, is the mortgage company making you sign onto the mortgage in order to change the deed?

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