So long as you are obligated on the loan secured by a mortgagte on the home that is going into foreclosure, you have possible exposure for a deficiency judgment regardless of the fact that you are not on title. I suggest that you consult with a real estate attorney further on the subject to give you guidance as to protecting your assets in the event of a deficiency judgment.I suggest that you suggest to the owner of the property to sell the property via a short sale.