Sunday, August 22, 2010

Can a creditor on a large loan from a real estate deal seize my home that is jointly owned with my spouse?

I co-signed on a large real estate loan that may be in trouble eventually. Aside from that I co-own 3 pieces of property with my spouse. One of them is our home. She did not sign on the big loan with me. Are any of the pieces of property co-owned with spouse at risk from creditors? what is at risk?Can a creditor on a large loan from a real estate deal seize my home that is jointly owned with my spouse?
Yes, indeed! You should talk to a good real estate attorney.

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