Legal Question in Civil Litigation in Georgia
Default on vehicle loan with a co-signer
I co-signed on a vehicle for my daughter. She stopped paying the note. I am required to pay it to preserve my credit rating. I want it refinanced in her name or sold. She will not respond to any attempts to resolve this. The vehicle is titled in both names. I must have a POA to sell the car. Do I have any legal standing to force her to refinance or sell the car?
Asked on 12/23/08, 2:14 pm
1 Answer from Attorneys
Glen Ashman
Ashman Law Office also dba Glen Ashman Attorney
Re: Default on vehicle loan with a co-signer
Cosigning a note doesn't give you any rights. It simply creates an obligation to pay the loan.
Answered on 12/23/08, 2:24 pm