Legal Question in Real Estate Law in California

I am cosigner on a bank loan for my daughters property. I am not on title. Am I liable for events that end in law suits for things that happen on the property. I do not reside on the property.

Asked on 5/20/21, 7:27 am

1 Answer from Attorneys

Timothy McCormick Haapala, Thompson & Abern, LLP

No. If you are not on title to the property, your legal obligations and potential liabilities are only to the lender.

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Answered on 5/31/21, 5:42 pm

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