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legal responsibilities of deceased cosigner on private stude

Posted on: 11th Nov, 2008 10:28 am
legal responsibilities of deceased cosigner on private student father cosigned a private student loan with a granddaughter. he died in may and the loan will come due in dec. does his estate have any responsibility to repay this loan
I am cosigner on son's private loan. He wants to buy a home but has too much college loan debt. Is it possible for me to take over this loanand remove him so it doesn't hamper his ability to buy a home.
Posted on: 16th Dec, 2011 11:14 am
Welcome jev,

I don't think you will be able to take over the loan completely. Nevertheless, you should contact the lender and take his opinion in this regard. He will better help you in this matter.
Posted on: 19th Dec, 2011 12:37 am
My father passed away recently and he had previously cosigned on a car loan for my sister. Unfortunately I am afraid she will leave my mother with the car payments. Is my mother liable for this loan?
Posted on: 06th Feb, 2012 03:16 pm
Hi LDWeber!

Welcome to forums!

If your mother has not cosigned for the loan, then she is not liable for the mortgage payments. The lender will come after your sister in order to collect the debts.

Feel free to ask if you've further queries.

Posted on: 06th Feb, 2012 11:42 pm
Precisely - your Mom is not liable for payments on that debt. The responsibility of your Dad as cosigner could be held against his estate, presumably; but she'll have no responsibility for payments. If she chose to help your sister out, that'd be on her of course.
Posted on: 08th Feb, 2012 12:33 pm
My sister passed away and left her home to my brother & I. She had a cosigner on an equity loan that was not on the title of my sister's home. The cosigner is now saying my brother & I are responsible for the equity loan. Are we responsible for the loan, can the property be taken or does is the cosigner responsible. The cosigner will receive $50,000 for the house and also inherited money from another estate, so she does have the money to pay the $16,000 equity loan. My sister's estate did not have any cash value in it. The property is in New Hampshire. Thank you for your help.
Posted on: 22nd Apr, 2012 06:15 am
Hi mike,

Your query has been answered in the given page:

Take a look at it. I hope it will help you.


Posted on: 26th Apr, 2012 03:53 am
My husband passed away 3yrs ago. We did not have a will. I called to see if there are liens against my house other than mortgage. Was told that I have to probate the will before I can sell house. Spouse name on deed not loan. I live in SC. What does this mean?
Posted on: 28th Jul, 2012 10:03 am

As your husband did not left a will, you won't have to go for a probate. You can file an affidavit of heirship at the county recorder's office and get the property transferred in your name. Once the property is transferred in your name, then you will be able to sell off the property.

Posted on: 30th Jul, 2012 01:22 am
My girlfriends mother cosigned for my loan for a home, I make all of my payments on time .My credit is very good.She is dying and consuming a lot of hospital bills. She has not enough money to pay all of her bills . she is on social security and disabilty. Can the estate or her adult children after her debt take my House?
Posted on: 14th Nov, 2012 05:00 am
Hi Joshua!

Welcome to forums!

Is she on the property deed? If no, then you don't have to worry. If she is not on the deed, then she is not one of the owners of the property. In such a situation, neither her creditors nor her heirs will be able to come after your property.

Feel free to ask if you've further queries.

Posted on: 18th Nov, 2012 09:35 pm
My husband cosigned on three of our children's student loans. The children are still in school so loans have not started to be repaid yet. I notified Sallie Mae of his death and they have turned it over to a collection agency. I got the threatening calling telling me that I needed to pay the loan in full. I gave them my information (big mistake) but the put a stop payment on the funds before they were due to come out. I am getting calls from them now and actually turned off my answering machine so that they could not leave a message. I don't know if I am responsible for these loans (I did not cosign) Is there anything that they can do to me?
Posted on: 18th Feb, 2013 03:47 pm
Hi lynn!

Welcome to forums!

If your name is not on the student loans and if you haven't co-signed for it, then you're not liable for it. Your children can pay them off once they get jobs or else, your husband's estate will pay it off.

Feel free to ask if you've further queries.

Posted on: 18th Feb, 2013 10:28 pm
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