cosigner responsible after death?
My mother cosigned a loan for a vehicle for her grandson. Is her estate responsible for the remainder owed after her death?
Asked on 4/08/09, 2:58 pm
1 Answer from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
Re: cosigner responsible after death?
No, only if the grandson has defaulted on the loan and the noteholder is unable to collect the balance owed from him.
Answered on 4/08/09, 8:09 pm
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