September 5, 2023

What rights does a loan co-signer have on your home or car?

Lack sufficient credit to qualify for a home loan, car loan, or another type of loan? You may be able to get that financing after all if you convince a co-signer to back the loan with you. But that conjures an important question: What rights does a co-signer have on a house? For that matter, what rights does a co-signer have on a car? And what co-signer rights apply to other property acquired via a loan?

Explore what it means to get and be a co-signer on a loan, the advantages and disadvantages of having a cosigned loan, co-signer rights to the property being financed, and what happens when a conflict involving the signer or co-signer emerges by reading my latest story for, available here.