Legal Question in Credit and Debt Law in New Jersey
co-signed a loan-am i now stuck?
eight years ago i used my house for a loan made by my son and and his wife.my son died a year into the loan and his wife paid it for 7 years of the 15 year loan.then she stopped making payments on it.to prevent my loosing my house i have been paying the monthly payments for over a year and still have 7 years to go..i have had to get a part time job to pay for this loan as i was retired. i am 72 years old. she makes over $50,000.00 a year..can she just walk away from this loan.is there any way i can get her to pay it? i am listed as the primary person as insurance was taken out on me...thank you
2 Answers from Attorneys
Re: co-signed a loan-am i now stuck?
You daugther in law has been unjustly enriched. You may bring an action against her to collect all the sums you expended on the loan.
Daniel Clement
Re: co-signed a loan-am i now stuck?
OUR Firm would be pleased to assist you and we offer a senior citizens discount of 15%. Where is your daughter in law located?
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