Legal Question in Wills and Trusts in Colorado

my mother co signed on my mortgage, which now is facing forclosure. Her assets are all "in trust", is she going to be liable for any monies on the forclosure?


Asked on 3/29/11, 10:48 am

1 Answer from Attorneys
Gary C. Johnson Attorney Gary C. Johnson

Your mother will probably be personally liable for any deficiencies. However, they may not be able to recover depending on the nature of the trust. A review of the trust by an attorney is advisable.

DISCLAIMER This answer is for informational purposes only and discusses general legal principles, trends, and considerations and is not intended as specific legal advice regarding your question. This answer does not establish an attorney client relationship. http://www.garycjohnsonlaw.com 720-323-3776 [email protected]

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Answered on 3/30/11, 3:22 pm


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