Legal Question in Credit and Debt Law in Washington

Re: If I am a cosigner on a car loan and the loan is in arears can I reposses th

If you pay the secured creditor, you are subrogated to his rights. This presumes that you are a true co-signer/guarantor.

If you are signing as a co-signer/principal, the issue becomes much more complicated.

In order to give a useful answer, it would be necessary to look at the paperwork. The only thing that I am certain of is that if you do not make the payments and the car repossessed and liquidated you will will be liable for any deficiency.

MSS