Joint Deed

Being in title means you have an ownership interest. You are not on the mortgage, so technically then in this case, you are not responsible for payments. But, as an owner, you still need to protect your interest in the property, and there are many levels of concern there. From making sure property taxes are paid, and how the mortgage will be dealt with in the future, to possible selling of the home. You need to talk to a probate attorney.

While not on the note you have equity interest in the property. If the payments are not made and the lender initiates foreclosure then it would tie up the property for a long time and if you desired to liquidate the asset you could not necessarily do so in an expeditious or pain free way. It would be better to figure it out up front. www.LechelMortgage.com

first, is there a will, trust, probate??

Great question; unfortunately, that is a question you should address with a licensed real estate attorney in the subject property state. Furthermore, you may want to have a discussion with an estate / probate attorney and an accountant on the potential tax liability associated with the settlement of the estate. Good luck.

You should speak with a real estate attorney.

If the property has equity, then it is in your best interest to make sure the property does not go into foreclosure. If you do not wish to continue ownership of the property, sell it, take your money and walk away.