View Full Version : Judgement against the Co-borrower
n2jamie
Jan 25, 2007, 07:40 AM
My husband has a pending judgement against him in Charles county, md for the balance of a voluntary repossession of his vehicle. The balance was 7k now with interest and penalties and court cost it is 15k. We have a house and I am the primary owner and he is the co owner. When they place this judgment against him will it go on the house and against me as well. :confused:
ScottGem
Jan 25, 2007, 07:55 AM
As long as you were not signed on the car loan they can't go after you. It is also rare that they could file a lien against a primary residence.
mr.yet
Jan 25, 2007, 08:07 AM
He must defend against the action for judgment and work out a way to pay them.
If the obtain a judgment, they can garnish his wages in Maryland Up to 25% of disposal income.
How will that effect your budget for the home? You must think about you actions regard the possible judgment.