Posted on: 27th May, 2009 08:40 am
While married I co-signed a consolidated loan for my wife and used my home as collateral. The home is completely paid for. My now ex-wife cannot continue to make the payments. What can I do?
Hi rn,
As you have co-signed for the loan, you will have to pay off the loan as your ex-wife is unable to pay the mortgage dues. If you do not pay off the loan, then your property can be foreclosed by the lender.
Thanks
As you have co-signed for the loan, you will have to pay off the loan as your ex-wife is unable to pay the mortgage dues. If you do not pay off the loan, then your property can be foreclosed by the lender.
Thanks