Legal Question in Credit and Debt Law in Indiana
Co-Sign
I co-signed for a mobile home for my son. Recently he was served with divorce papers and will probably file for bankruptcy. I need to know how I go about getting my name off as co-signer before he files. I don't want to have to file.
Asked on 8/29/03, 7:34 am
1 Answer from Attorneys
C. David DuMond
Law Offices of David DuMond
Re: Co-Sign
The only way to have your name removed from the loan is for the loan company to consent. Which they are very unlikely to do. Can your son re-finance the loan with a new lender who would not require a co-signer? And why wouldn't he want to keep the mobile home? He needs a place to live anyway. Good luck.
Answered on 8/29/03, 8:17 am
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