Legal Question in Personal Injury in Michigan
Is a co-signer on a Mortgage liable for a tort cause of action that occurs on the property?
Secondly is it allowable in MI for a person to co-sign a loan and not be considered a co-owner?
Asked on 6/19/14, 6:58 am
1 Answer from Attorneys
your question is not clear, in what capacity the co signer signs the document. firstly as a mortgagee or as mortgagor and secondly what attributions are assigned in the capacity so alleged.
in a mortgage, there can be one or more mortgagor. who incurs the liability jointly and severally, collateral can be different.
Answered on 6/19/14, 8:26 am
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