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View Full Version : What are my rights as a co-signer


lexiekarson
Jul 1, 2008, 08:27 AM
I co-signed for my daughter for a very nice home and she is allowing her friends to come over and drink and party and destroy the home.
I know I am responsible for the payments if they don't get paid but do I have any rights regarding protecting the property value?

MsMewiththat
Jul 1, 2008, 08:30 AM
Is your name on the deed?

N0help4u
Jul 1, 2008, 08:30 AM
I have never heard of anything like that. You might want to check into seeing if there are insurances that might cover something like that.

ScottGem
Jul 1, 2008, 09:13 AM
Unless you are also a part owner in the property instead of just a co-signer, you have no control over what she does with the house.

ballengerb1
Jul 1, 2008, 09:22 AM
You own the debt not necessarily the property. Like previous posts, it all depends on whose name is on the deed.