Hello smayes:
In order to give you an answer that you can count on, you need to give us more information.
Originally Posted by
Fr_Chuck
Whose name is on the trailer title now, at the point of her death, the property should have went though probate and been sold to pay off the debts normally. Did you inherit 1/2 of the trailer ???
The Padre's question needs an answer.
Originally Posted by
smayes26
Well If I am the cosigner...then the trailer would roll into my name after my step-dad died. Right?
Apparently you don't have the answer, and that's where you need to start.
When someone dies, a probate hearing happens in court where the estate is divided according to his will, or state law if he didn't have a will. There is a public record of that proceeding, probably in the county courthouse where he lived. You can get it. Plus, I'm sure there are family members who can fill in the blanks.
Meanwhile, let me answer your question, to the degree possible with the information we have, and there is still more we need.
A co-signer, in its simplest terms, is a person who is guaranteeing the loan only. A co-signer, again in its simplest terms, wouldn't, in the ordinary course of events, inherit the property. Unless, there are more terms than we are aware of. And, you're the one who needs to supply those terms for us.
You are the co-signer on an AGREEMENT. You need to get a copy of that AGREEMENT, and see what it says. I'm sure the bank has one. Ask them for a copy.
One last question. Please tell us if your sister is involved, or not, and why she never was on the title, and why she didn't inherit even part of the trailor, if it was hers?
Let me know. We're standing by.
excon