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Co-signed a Mortgage |
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My husband cosigned on a mortgage with another person who is not paying the mortgage. Can he force that person to sell? |
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If your husband is a co-owner he can ask a court to order a public sale. If he is not, being responsible for the mortgage doesn't give him any ownership rights and he can't force a sale. He's in a real fix, and his (your) credit rating is already taking a hit. He could even be sued for the whole amount personally. That's the risk people take when they co-sign for someone who isn't really financially qualified on their own. |
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Edith
Originally published on February 1, 2008 |
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