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Both are Owners |
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Our home (no mortgage) is in both my husband's and my names. Would it have been possible for him to obtain a home equity loan without my knowledge? |
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It shouldn't be possible. Lenders usually want all owners to sign mortgage documents, and of course a home equity loan is simply a form of mortgage.
Things go on all the time, of course, that are not legally possible. Forged signatures, straw borrowers, all sorts of hanky-panky, that sort of thing.
To find out if there's a loan out against your property, inquire at your county's public records office. If you find a debt on record, it's probably time to consult your own lawyer about what options are open to you.
Let me know what happens; I'm interested. |
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Edith
Originally published on January 4, 2008 |
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