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    anibal74's Avatar
    anibal74 Posts: 1, Reputation: 1
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    #1

    Mar 7, 2007, 11:07 AM
    Co-signers rights, or options to stop foreclosure
    What could a co-signer do to prevent or stop a foreclosure ?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Mar 7, 2007, 11:08 AM
    Pay the arrears.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    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.
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