Is a contract for a home line of credit valid, if the co-borrower (my wife) did not sign the contract?
We have a line of credit on our home which we maxed out last year and lived on, due to my unemployment, and we fell behind on our payments. We have a first mortgage that we are trying to deal with. the second lien holder is threatening us with foreclose as well. I need someone with legal knowledge to answer my question.
Is the contract (line of credit) valid if the co-borrower on the mortgage and the deed did not sign the document?
Thank you for your help.
Answer
Give me a call so i can answer your questions. 516-314-1343 tommy
Answer
yes, either owner can sign.
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