My mom is potentially about to foreclose on a property she owns. However, my husband and I decided to buy a house but we couldn’t qualify on our own for the loan so my mom offered to cosign on the loan for us so that we could qualify. At that time she had great credit (770 credit score) and so we qualified for the loan. I am wondering if the foreclosure goes through on her property, with her being on the title to the home we now own, can the bank for the foreclosed property come after our house?
If so, how can I get her name off the title to protect our house and still let her name remain on the mortgage note?