Legal Question in Credit and Debt Law in Florida

I cosigned for a loan and took a second mortgage on my home. The loan is now in default. legally, what are my options?


Asked on 1/17/10, 9:23 am

1 Answer from Attorneys
Alan Wagner Wagner, McLaughlin & Whittemore P.A.

1. Pay the loan.

2. Don't pay the loan.

3. Declare bankruptcy

4. renegotiate the debt.

If you do not pay, eventually you will face a lawsuit, a judgment and credit problems.

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Answered on 1/22/10, 10:18 am


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