It is impossible to sue a lender if they do not verify income you co-sign for. It is the responsibility of each person to report accurate and truthful income information for all loans.
He will be the first to be sued. You will be next. Make sure the lender knows where he is working and living.
if you are from 'merica
Yes.
Sue them, you have already taken pitty on them, so if they dont show signs of paying ( take your warning) sue them
I lost my job and I have to foreclose on my home. can I be sued by the lender.
No, when the parent cosigned the loan, they agreed to pay what the child couldn't. * Yes, the contract that was cosigned was between the borrower's and the lender. A cosigner has the legal right to file suit against a primary borrower for financial damages incurred due to the primary borrower defaulting on the contract.
I don't believe anybody can sue if you are under bankruptcy.
You contact the lender, if that doesnt work, you contact a local attorney. Sue the lender
No. If you were not approved for the loan, no loan was made and therefore you don't have any responsibility to the lender.
No.
Yes. And read your loan agreement.
If you have no money, then why in the world would you cosign for a loan? If they cannot get the money owed out of the primary lender then will look at you for money. They will more than likely sue you for the balance. If you don't pay your credit will be ruined. Sounds like you cosigned for a loser and now you will pay for that mistake.