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Can student loan sue my cosigner/ put a lien on their house or property? He did not offer it as collateral but he does own it outright and im worried they will go after it. I am trying to settle payment arrangements.

jameshogg · Posted: Sun Jan 01, 2012 9:45 pm Post subject:

Hi Lavonda,

If you cannot pay off your student loan on time, then the lender will contact the co-signer and try to recover the debts in full. If the lender gets a judgment against the co-signer, then he will be able to place a lien on his/her property.

Thanks

sabrinatoss · Posted: Sun Jan 01, 2012 10:41 pm Post subject: student loan

hello lavonda,

If the person who borrowed the money owns a home and if the creditor sues in court for default and obtains a judgment lien.

Idea

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Student loan and house lien

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