Do I Need to Sign Foreclosure papers Because I'm Owed Back Child Support by the Owner?
If your name isn't on the loan, either as a debtor, cosignor, or guarator, then you are not responsible to repay it. We are unable to determine the nature of the notice and what document they want you to sign without seeing them, but they may want you to sign a release of some sort waiving your right to collect what you're owed from the proceeds of any foreclosure sale. It is important to understand the rights you are agreeing to forfeit if a waiver or release is signed. We suggest you consult a local attorney who can review all of the facts and documents involved. If they push you to sign before you understand the consequences of signing, you may respond that you need to have time to have it reviewed before signing.