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View Full Version : Co-signers rights, or options to stop foreclosure


anibal74
Mar 7, 2007, 11:07 AM
What could a co-signer do to prevent or stop a foreclosure ?

ScottGem
Mar 7, 2007, 11:08 AM
Pay the arrears.

Fr_Chuck
Mar 7, 2007, 11:24 AM
Yes as a co signer you have promised to pay the bill if the original signer does not.

So what you are required to do is pay the amount due to stop the foreclosure ( as you promised to do when you signed for the other person)

If not, of course this will reflect on your credit also and they can also come after you for a judgement to get their money.