Can cosigner get ownership rights on property?

Hi Aaren,

Welcome to the forums.

You can take over the property if you have ownership rights on it. For this, you can file a partition lawsuit to get the property divided between two owners.

Thanks,

Sara

yes, a cosigner can become the owner.

Hi Aaren,

If both of you are the owners of the property, then one of you can get the title while the other can get an equity interest. This equity interest has a value equal to the market value of the ownership each has in the property. The share of interest owned by the person should be free from liens. In this way, you can take care of the monthly payments without having to lose the property.

Hope this will help you.

God bless you.

Samantha

cosigner means that he should be on the title or not. What is the difference between a cosigner or a garantor.

Hello Ranjiv,

I have already replied to a similar query here at http://www.mortgagefit.com/know-how/cosigner-guarantor.html

Kindly have a look at it.

If you were put on title which you may have been since co-signing usuallly requires this, you would have the right but would you want to since this is your friend?

I recently cosigned on a tuition answer loan for my niece the account is deliquent if I make the apyments Do I have the right to sue in small claims court

I guess you need to talk to an attorney and then file the lawsuit.