Why is my name on the mortgage, but not on the loan?

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I talked to the bank, they said, only my husband’s name is on the mortgage. So I told her lawyer, they said, my name is on the mortgage that I signed mortgage. I checked my credit report, it is not a bad report, but my husband because our house has started the foreclosure process. Does this mean that my name is not on the mortgage or mortgages and mortgage two different things? I am totally verwirrt.ok, “she said on the mortgage, but not on the act, does this mean?

  1. Reply
    May 1, 2011 at 5:54 am

    Yes, you are. You are confusing the loan with the property title.

  2. Reply
    May 1, 2011 at 6:05 am

    depending on our state, some states use the word mortgage, others
    loans and liens. They are synonyms.

    LOOK at the loan documents you have. IT is possible you are not
    on the loan/mortgage. IT is possible to be on a deed and not
    on a mortgage for the same property.

    ONE Is a legal title and right to property [deed], the other is a pledge
    of assets against a loan.[mortgage]

  3. Reply
    Joshua K
    May 1, 2011 at 7:02 am

    Yes the mortgage and actual loan are 2 separate items. The mortgage itself is an instrument to document a lien against a property. This is recorded with county clerks and is public record. There are general state specific regulations regarding spousal rights. Most states require the spouse sign the mortgage even if not associated with the financing itself. It sounds as if just your husbands name was used for purposes of financing and you signed the mortgage for dowers rights or spousal rights. Hope this helps.

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