Legal Question in Credit and Debt Law in Illinois

I cosigned on my son's mortgage. The house is now in foreclosure. What impact will this have on my credit? Can I be sued and am I personally liable for the debt?


Asked on 11/21/11, 3:12 pm

2 Answer from Attorneys
Thomas Moens Moens Law Offices, Chartered

You are just as responsible as your son for the debt. It will devastate your credit.

Read more
Answered on 11/21/11, 6:16 pm


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in Illinois