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hey guys not sure if this is the right place to place this. Sorry if it is.
Anyhow, I need advice. I applied for a mortgage and got declined because my ex stopped paying for a car that I co signed for. I believe her mother took payment over the vehicle and she signed a notary mentioning that she will be responsible taking over the payments. Obviously, she is 3 payments behind..
I am wondering what to do at this point? Should I take her to court? I tried asking her to refinance, but she is ignoring me.
so, pretty much I can not get a mortgage because of this problem. I know I am considered "responsible" for the payment, but I was young and dumb. Any advice and/or tips? thanks guys!
Yeah go call the finance company tell them you will bring the loan current if they remove the ding. Once you're settled and bought the house go scissor kick your ex and her mom in the throat.
Going to depend on your state laws. Here I could hire an attorney and repo the car, sell it as the lien holder, pay the car off and put the rest in my pocket. You'll need to contact an attorney to give you the correct way to handle this. Most do not charge for consultation. It will cost you to repo it so you are aware. You can't just go drive off with it.
Going to depend on your state laws. Here I could hire an attorney and repo the car, sell it as the lien holder, pay the car off and put the rest in my pocket. You'll need to contact an attorney to give you the correct way to handle this. Most do not charge for consultation. It will cost you to repo it so you are aware. You can't just go drive off with it.
yeah I dont mind paying for the repo. I have enough money, but I am really pissed off she is not working this out with me and just ignoring me. Do you know a good source to contact an attorney? I never did that before..or any other options? Ive read somewhere in the forums that someone took the main borrower to court and cosigner was no longer reliable
Yeah, you are on the hook for the note in the eyes of the financing company, but in many states that doesn't give you the right of ownership. This is one of those 'lawyer' times (I hate saying that).
If you co-signed before the divorce was finalized, the solution might be in the order of dissolution (sorry - no pun intended). That is, you might be relieved of the obligation in the divorce decree. If you co-signed after the divorce, um..., expensive lesson.
The notarized statement by ex-Mom-in-law doesn't relieve you of your obligation in the eyes of the financing company. What will relieve you is if ex-Mom and ex-wife refinance the car and pay off the note you co-signed. That is probably the most peaceful solution and hopefully the first one a lawyer would suggest, but think about this: What new financing company is going to loan money on a used car to your ex-wife and her mother - both of whom are more than ninety days late on their last note?
Anyway, if that works, you will be free and clear of that note, but you will still have to rehabilitate your credit rating.
so in other words, there is no way for me to successfully take her to court so she can just take me off that loan and/or co-sign paper? Or file a law suit against for what she owes if I started making payments?
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