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Originally Posted by juggernaut
LOL Nope. Try a Dad for 7 years. lol
Jim seems strange, something is up with the bank. I would think they screwed up and my nervous ass would get to the bottom of it asap. Your sister is the CO-Signer so the car is 1/2 her responsibilty,
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I generally concur. Something is off here or there is something missing. If the payments were made on time and she was a co-signer, barring anything else in any agreements saying otherwise, she isn't really taking over payments but simply fulfilling the obligation. (Ownership between them- if they divorced, etc. would be another issue)
What is perhaps the worst of all here is that won't this get put down as a Reposession on here credit report? And I'm betting it probably won't even get put down as "voluntary repossion" either as is?
That is not right! (she was meeting the obligations and fulfilling her responsibility) On top of that, theoretically if they sell the car for less than the outstanding balance, I beleive they can still make her pay whatever is left over between that.
This sounds like a matter for an attorney to me unless money and credit is no concern.
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Nice to know that I'm not the only one with people that were in my life are now doing time in jail.
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Add me to the list. My brother in law (who has worked 2 months out of the last year and ended up living in my house for six months playing Playstation all day without working except for 3 weeks... :mad: ) is going to be going in this month for probation violations. Thing is, I think my sister is better off without him! I hate to say that but it is true (alcoholic).
I already helped bail him out once, but I'm *not* doing it again.