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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] walk away when not on mortgage note but... Posted by tarangihbor on November 02, 2009 at 7:46 AM on deed via quit claim. No obligation ever recorded. Other party on mortgage note died, with a defunct life insurance policy that was to pay the note off upon death. Company went bankrupt along with all premiums paids. Do I have obligation to pay when I'm not on note? It's never shown on my credit. I don't make enough to pay this inflated mortgage price - though only a fixed, no HELOC, no lines of any kind. The bank note holder is appraising at $25K higher and wanting to rewrite mortgage at higher rate, but no homes in our 10yo neighborhood are selling or will sell at inflated prices. Can I walk away with no harm, as I never signed mortgage, there is no second or HELOC and I am only on as quit claim. I just want to turn keys in and leave. have another place to live as credit is intact, but this bank acts as if I owe them the full amount of mortgage. I never was on it, ever. Follow Ups: Re: walk away when not on mortgage note but... Rick, the Probate Guy 8:31 AM, 11/02/09 (1) Re: walk away when not on mortgage note but... tarangihbor 1:56 PM, 11/02/09 (0) Post a Followup: Name : E-Mail : Subject : Comments: : on deed via quit claim. No obligation ever recorded. Other party on mortgage note died, with a defunct life insurance policy that was to pay the note off upon death. Company went bankrupt along with all premiums paids. Do I have obligation to pay when I'm not on note? It's never shown on my credit. I don't make enough to pay this inflated mortgage price - though only a fixed, no HELOC, no lines of any kind. The bank note holder is appraising at $25K higher and wanting to rewrite mortgage at higher rate, but no homes in our 10yo neighborhood are selling or will sell at inflated prices. : Can I walk away with no harm, as I never signed mortgage, there is no second or HELOC and I am only on as quit claim. I just want to turn keys in and leave. have another place to live as credit is intact, but this bank acts as if I owe them the full amount of mortgage. I never was on it, ever. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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