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I cosigned a loan and would like to transfer my obligation to my daughter. What should I do?
Wiki User
∙ 14y ago
You need to discuss this situation with the original lender.
Wiki User
∙ 14y ago
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How can you get your name off of a car note you have cosigned on?
you and the party you cosigned have to talk to who you have the note with and they should be able to help you out
Are you responsible for a Sallie Mae loan that your husband cosigned with his daughter if your husband dies ans his daughter is not paying?
It's difficult to say without more details. You should probably talk to a lawyer. The basic principle is that you personally may not be, but his estate probably is.
How long should a cosigner stay on the lease if they cosign for an apartment?
I cosigned for my daughter five years ago on and apartment. Mu daughter is self employed. Her boyfriend has now moved in and wants to take responsibility for the rent. Land lord will not take me off the lease. What can I do?
Should you transfer your house to your daughter before you go into a nursing home?
NO. The State will consider this a transfer of assets and, unless your daughter gave you fair market value for the house, this will disqualify you from payments for nursing home care for at least several months. (An exception is if your daughter is disabled and living in the house.)
You cosigned on a loan without mu spouses knowledge - Have you rished his business?
You are responsible for co signing the loan. If you are partners with your husband in his business, have a loan together on the business, then yes, the business becomes an asset that could be attached if the loan you cosigned on should be defaulted on.
Can a cosigner get out of a rental agreement?
Not unless the lessor agrees to release the co-signer from the obligation and that agreement should be in writing.Not unless the lessor agrees to release the co-signer from the obligation and that agreement should be in writing.Not unless the lessor agrees to release the co-signer from the obligation and that agreement should be in writing.Not unless the lessor agrees to release the co-signer from the obligation and that agreement should be in writing.
Should you vote and why?
yes and it is a moral obligation
Can our 21 year old daughter co-sign on a rental propery for me and my husband she has excellent credit?
Generally yes. However, if you both have poor credit you should not saddle your daughter with the obligation of being responsible for your failure to pay. You obviously have a problem paying and chances are you will ruin her credit also.
What process do you need to go through to transfer a house into your daughters name?
To transfer your property to your daughter you would need to execute and record a deed. You should seek the advice of a real estate attorney in your area to discuss the various consequences of such a transfer, the various options and to obtain a properly drafted deed.
If your estranged spouse files bankruptcy and you cosigned should you make payment arrangement file bankruptcy or wait for SOL to expire?
Thats a decision YOU have to make. Please consider the effects on your credit for each choice. Having to make that decision is a result of not considering it b4 you cosigned. Good Luck
If you cosigned a car loan for your daughter and the car got repossessed do you both have to file for bankruptcy?
Having a car or other item repossessed does not mean anyone has to file for bankruptcy. Bankruptcy is to protect you from creditors and should be sought if you owe more than your net worth and have no reasonable prospect of being able to pay what you owe.
Law on obligation and contracts article 1165?
Article 1165 of the Civil Code of the Philippines states that when a person obligated to do something fails to perform, the creditor has the right to demand the fulfillment of the obligation. The debtor is held responsible for damages if there is non-performance, delay, or defective performance of the obligation. This article ensures that parties are held accountable for their obligations under contracts.
