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Can a co-signer pay the balance of the loan off to save credit history after a repo and then sue the owner of the car for half the loan?


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Wiki User
2011-09-12 14:41:12
2011-09-12 14:41:12

Anyone can sue anyone for almost anything. Winning and collecting any judgment is another thing.


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The grantee in the deed is the owner of the property. A co-signer who guarantees that the mortgage will be paid for someone with poor credit is not necessarily an owner. A co-owner is not usually referred to as a co-signer.

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You don't have to contact anyone. The lender will report information on the primary borrower, cosigner, joint owner, guarantor, and other relationships.

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owners capital is liability of business that's why it is credit balance.

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A "Cosigner" is a "Co-owner." Cobuyers and buyers are equally responsible for the note they signed.

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