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