Consumer Protection Law
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No basis for them to pursue anyone but the primary debtor
there is no basis to pursue you either
unless you agreed to be liable
contractually then, they are limited to the signatories to the debt.
Is that clear?
My father and I are the only 2 signatories on the note. His name appears first with B of A who bought the loan from the original lender. To clarify your response they cannot come after my mothers estate or her assets for the deficiency,
only against him and you were you both signed
Have a good night
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Are you satisfied with the answer?
tried to expedite it for you.
awaiting your reply
Do you have any history with B of A about them coming after me for the deficit balance. I have 770 per month for 13 years balance is about 50K value around 25K? I am considering BK as an option. Very satisfied with your prompt responses--Thanks
They often will settle
bankruptcy can discharge the debt
and also stays proceedings against party filed
but if there is no claim against someone, that stops them from pursuing that person
I wish you the best.
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