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Can you just move and leave a loan to the co-signer?

Updated: 8/16/2019
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8y ago

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David, you can give her the car IF she wants it and will pay for it. She does NOT have to accept it. if she is wise, she WILL take it and try to sell it to get it off both your credit line. If she refuses to pay,camt sell it, it will be repoed and the lender will sue you after it sells.

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8y ago
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Q: Can you just move and leave a loan to the co-signer?
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Just pay off the reverse mortgage just as any other loan. If there is negative equity you can leave the home to the lender who will take the loss. A reverse mortgage is a non recourse loan, meaning the lender does not have personal recourse against the borrowers if there is negative equity in the home.


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Does the cosigner have the legal right to have the tenant move out before lease is expired due to no rent paid?

Does_the_cosigner_have_the_legal_right_to_have_the_tenant_move_out_before_lease_is_expired_due_to_no_rent_paid


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Can you remove yourself as a cosigner?

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