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I cosigned student loans for my daughter she is unable to pay. Can a lien be placed on my home?
Wiki User
∙ 11y ago
Yes. As the co-signer you guaranteed the loans would be paid. You are responsible for paying the loans if the primary borrower defaults. The lender can sue you and if successful it can request a judgment lien that can be recorded in the land records. You cannot sell or refinance your home until the lien is paid.
Wiki User
∙ 11y ago
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