Legal Question in Credit and Debt Law in Virginia

Co-signer on Sallie Mae loan

I co-signed for a now ex-son in law on a Sallie Mae student loan. He is in Va. and is defaulting. I realize I am responsible but if I have to pay it can I garnish his wages? Any other alternatives? He is 1/3 owner of a house in Va. with his Mom and sister which will be up for sale this summer. Can I put a lein on his portion? It's ok with the Mom and sister. Many thanks. Jonnie


Asked on 4/11/06, 9:59 am

1 Answer from Attorneys
Daniel Press Chung & Press, P.C.

Re: Co-signer on Sallie Mae loan

If you pay as a guarantor, you can sue him for subrogation for what you had to pay for. Once you get a judgment, you will have a right to a lien on real estate owned by him.

Read more
Answered on 4/11/06, 12:39 pm


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in Virginia