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    n2jamie's Avatar
    n2jamie Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 25, 2007, 07:40 AM
    Judgement against the Co-borrower
    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's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    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's Avatar
    mr.yet Posts: 1,725, Reputation: 176
    Ultra Member
    		  
    #3

    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.
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