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Question

i had a moblie home it got repossesion,the cosigner dies 5years ago, will it go on my credit and is it payoff

Submitted: 52 days and 13 hours ago.
Category: Legal
Value: $18
Status: AWAITING CUSTOMER ACTION
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State/Country relating to Question: Alabama

Answer

Since the cosigner is dead the lender will attempt to obtain the balance owed after resale/auction from you. It will appear on your credit and the lender may sue you for the balance.

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Expert: Daniel Solutions
Pos. Feedback: 98.6 %
Accepts: 
Answered: 10/1/2009

Lawyer (JD)

Practing General Attorney, Professor and Lecturer of law for two decades

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