Money Management

If a cosigner is forced to make payments on the loan because the borrower has defaulted can the car be confiscated from the borrower by the cosigner?

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Wiki User
2015-07-16 18:15:24

No. The car is not your property, nor do you have legal

authority to sieze property. It would be considered grand


As a co-signer, you agreed to be just as legally liable for the

debt as the borrower. That's why it's a good idea to NEVER co-sign


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