This is a common tactic by lenders in a short sale situation. However, if you sign the note then try to file for bankruptcy shortly thereafter, you may have a difficult time convincing the bankruptcy court to discharge the debt.
This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified creditor harassment lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local creditor harassment attorney to discuss your specific legal situation.