From what I know, when you co-sign on a house or anything for the matter, you are holding not in a sense owning it, but you are holding liability for it. For example, if the owner of the house does not have a good credit score, they need someone who does so that they can get a loan and that person is called a co-signer.
Very simply - a co-signer of a loan is responsible for absolutely everything as the "other" signer) who may be called primary signer). No difference.
EXCEPT that the cosigner frequently does NOT have possession or legal control of any property involved in the loan, so using it (say selling it) to pay for the loan can be much more difficult, if not impossible.
So whatever the responsibility, or recourse, (legal or financial) is for whatever action or lack of action required under the loan (and frequently under law too as many times you are considered the owner of any property connected with the loan), you are subject to also.
yes
Anyone can if they have enough good credit. Relationship to you has no bearing.
absolutely not. Minors are not able to cosign any loans, only an adult (eighteen years or older) is aloud to cosign a loan. the law states that any minor is not responcible for the repayment of any loan.
Ca
If you are a minor, you cannot LEGALLY cosign or sign any loan/contractual agreement.
yes
Anyone can if they have enough good credit. Relationship to you has no bearing.
The cosign of pi is -1
how many times can someone cosign a car
To cosign a lease extension means to become legally responsible for the lease agreement alongside the primary tenant. This includes agreeing to uphold all terms and obligations of the extended lease period as a form of guarantee for the landlord in case the primary tenant is unable to fulfill their responsibilities. It's important to understand the implications and commitments involved before agreeing to cosign a lease extension.
no.my father cosigned for me,but the bank told me that anybody could cosign..good luck to you.
Two people would need to cosign an agreement when for example, parents need to cosign the loan application for their child or to help a friend in need.
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absolutely not. Minors are not able to cosign any loans, only an adult (eighteen years or older) is aloud to cosign a loan. the law states that any minor is not responcible for the repayment of any loan.
For the length of the contract you sign. If you cosign on a 3 yr loan, you are responsible for the debt for 3 years.
Yes.
Ca