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

    Jul 1, 2008, 08:27 AM
    What are my rights as a co-signer
    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's Avatar
    MsMewiththat Posts: 854, Reputation: 136
    Senior Member
    		  
    #2

    Jul 1, 2008, 08:30 AM
    Is your name on the deed?
    N0help4u's Avatar
    N0help4u Posts: 19,823, Reputation: 2035
    Uber Member
    		  
    #3

    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's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #4

    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's Avatar
    ballengerb1 Posts: 27,378, Reputation: 2280
    Home Repair & Remodeling Expert
    		  
    #5

    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.
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