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What are your rights if a co owner takes out an illegal loan against your property?

Curtis Rhodes

in Student Loans

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Kristi Hammond on June 28, 2018

Generally one of the co-owner may borrow money secured by their interest in the real property. Most lenders do not approve this kind of loans, since they can not foreclose and take the property of the ununless all the owners consented to the mortgage. You haven't explained why the mortgage is illegal. You should consult with an attorney who can review the mortgage and explain your rights and options. Generally one of the co-owner may borrow money secured by their interest in the real property. Most lenders do not approve this kind of loans, since they can not foreclose and take the property unless all the owners consented to the mortgage. You haven't explained why the mortgage is illegal. You should consult with an attorney who can review the mortgage and explain your rights and options. Generally one of the co-owner may borrow money secured by their interest in the real property. Most lenders do not approve this kind of loans, since they can not foreclose and take the property unless all the owners consented to the mortgage. You haven't explained why the mortgage is illegal. You should consult with an attorney who can review the mortgage and explain your rights and options. Generally one of the co-owner may borrow money secured by their interest in the real property. Most lenders do not approve this kind of loans, since they can not foreclose and take the property unless all the owners consented to the mortgage. You haven't explained why the mortgage is illegal. You should consult with an attorney who can review the mortgage and explain your rights and options.


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