if sumone sign for a house and the other person files bankruptcy how can the one not filing get off in under t

Question

how can the the other co signer get off in under the houseor can they not?

Answer 1

Your question is hard to understand, but as long as the mortgage is being paid, the chances are slight that the mortgage company will take any action, even if allowed under the terms of the mortgage. The joint owner/mortgagor who is not filing is still liable for the mortgage. Actually, under the new rules, it is really unlikely that bankruptcy will have any effect on the bankrupt debtor's liability. S/he will probably have to reaffirm the debt.