2007-05-28 03:37:30 · 4 answers · asked by lita1908 1 in Business & Finance ➔ Renting & Real Estate
The short answer is that you can sue anyone you want with exception for people who have immunity for whatever reason.
The question is whether you'd be wasting your time. If the person isn't paying the loan then they most likely won't be able to pay you or be willing to. In which case the most you could get is a judgement which is nothing but a piece of paper saying so and so owes you money which is what you have right now.
However a judgement is good because then you can enter it on their credit which will keep them needing to pay you for the rest of their life or until the pay you....
2007-05-28 03:59:42 · answer #1 · answered by Tadow 4 · 0⤊ 0⤋
You can't sue to get what I think you are asking for.
You cannot sue if the remedy you seek is to get a court to order them to do what they are already obligated to do. This would be a waste of the court's time.
However, you CAN sue them to recover any losses occassioned by their failure to meet those obligations in the past.
In other words, the judge isn't going to tell them to make FUTURE payments, but a judge will tell them to reimburse you for the ones you made.
2007-05-28 10:44:00 · answer #2 · answered by open4one 7 · 0⤊ 0⤋
You can sue for the amount of the payments you had to make on their behalf, but you can't compel them to make the payments.
2007-05-28 16:36:52 · answer #3 · answered by BoomChikkaBoom 6 · 0⤊ 0⤋
you have major problems, if the note is not being paid it will show up on your credit report and can ruin your credit score
2007-05-28 11:38:55 · answer #4 · answered by goz1111 7 · 0⤊ 0⤋