can one partner takea out equity loan or second mortgage without the other partner’s singniture?
if husband and wife own the house together, can one of them(without the other knows) borrow $ from bank to get equaty or seond mortgage on that house? what happens if the second mortgage couldn’t be meet and be forceclosure? Will the other perosn resposible for the laon he/she even not knowing? the house is around $ 800,000. first mortgage is 200,000. second is 400,000