co-signer assets
Date: Sun, 11/21/2010 - 11:49
my sister has incurred a lot in student loans and my dad co-signed on them. she can not make payments and my dad is permanently disabled. can they take away his house if it goes into default?
Your dad can be sued and a lien placed on the property. Havent h
Your dad can be sued and a lien placed on the property. Havent heard of any forced sales.
unless he lives in Florida or Texas, where the homestead exempti
unless he lives in Florida or Texas, where the homestead exemption prohibits liens being placed on one's primary dwelling. If not, may want to consider selling his home and relocating to these debt friendly states before a judgement is enacted.
-I am not a lawyer and do not take what I say as legal advice