I co-signed for someone on an apt. and I got burnt. SHeriff came on the same day that I found out-too late for me to do anything. The person that I helped skipped town and did not ay for almost 6 months. What can I do to fix this or have this erson pay me/apt for all that money that he owes?
2007-03-13 09:04:17 · 4 answers · asked by Summer 1 in Business & Finance ➔ Renting & Real Estate
Not a thing. As co-signer, you agreed to share the risk. If he's gone the debit is yours. You can get an atty and attempt to get a judgement against him for some of it; but it doesn't sound like you'll get anything. BTW: it's money YOU owe as well.
Sorry
2007-03-13 09:08:48 · answer #1 · answered by wizjp 7 · 2⤊ 0⤋
Leasing agent Phx. Unfortunately you are equally responsible for that lease. Pay it down. Follow-up with the property mgmt company and ensure this person is still having a judgement applied on his /her credit. Think twice about co-signing. You CAN follow up yourself and goto small claims court with the apartment rental agreement and copies of the skip-out. Then get a court order for that person to pay you back. Keep getting the order updated (w/respect to expirations). File a judgement with the credit reporting agencies as a verifiable debt to you. Good luck.
2007-03-13 16:13:44 · answer #2 · answered by devil dogs 4 · 1⤊ 0⤋
Find out what the limit is in small claims court in your area (hopefully it is more than the amount you are on the hook for)and sue that person. in the future NEVER CO SIGN
2007-03-13 16:09:15 · answer #3 · answered by lorraine 2 · 0⤊ 0⤋
your on the hook. dont co sign for anyone, not even family.
2007-03-13 16:13:41 · answer #4 · answered by Anonymous · 1⤊ 0⤋