He lost his insurance, his license is revoked. They live in AZ. The accident was a hit and run.
She co signed the loan and the title says her name and his name.
My question is this. Can she be sued and lose her home due to this accident.
What should she do?
2007-06-24 04:04:26 · 9 answers · asked by sideways 7 in Cars & Transportation ➔ Insurance & Registration
He is 25 yrs old.
2007-06-24 04:17:00 · update #1
Just reading your segment made me cringe. I believe she is in hot water along with the person without any insurance, no license. This should be a lesson to all of us. Never ever co-sign for people and this is the very reason why. Since she co-signed for him she should have made it part of the deal that he have absolute proof of insurance, have a license in good standing, not be drinking/doing drugs, etc. I'm not a lawyer but if there was vehicular homicide, property damage, etc, etc. she could very well be held responsible for any damages. In the meantime, have her contact an attorney, don't sign anything until she gets legal counsel. Good luck.
2007-06-24 04:21:38 · answer #1 · answered by Hi 2 · 0⤊ 2⤋
If she had only co-signed and not had her name on the title she would have been OK but with her name on the title the insurance company with try to collect from both named on the title . She should find an attorney very soon to try and protect her interests and find out what her options are .
2007-06-24 06:23:48 · answer #2 · answered by Anonymous · 0⤊ 0⤋
A co-signer is someone who guarantees the loan. They do not have to be on the title. Your friend is an owner of the car. Her name is on the title!!
She can be held liable for any and all damages. Depending on the situation, her best bet may be to file bankruptcy, to protect her home and some some limited assets.
She should consult a lawyer ASAP!!
2007-06-24 05:30:32 · answer #3 · answered by fire4511 7 · 1⤊ 0⤋
I would bypass Yahoo Answer and get a legal opinion. My daughter co signed for her boyfriends truck and he did the same thing, but he had insurance. The insurance paid almost all of the truck and the medical and car he struck, but she was stuck with the balance due on the truck she co signed for. Each state is probably different. You could call your personal insurance agent who may also have the answer for you.
2007-06-24 04:13:49 · answer #4 · answered by cgminime 4 · 0⤊ 0⤋
if he`s under 18 he falls in the cat. It all boils down to who`s name is on the title and registration. technically the owner of the vehicle is the persons name on the title.
2007-06-24 04:09:56 · answer #5 · answered by miiiikeee 5 · 0⤊ 0⤋
Yes, it is possible to lose the home, property, and everything else. This is a very serious matter. Hit and runs are a very serious and stupid thing. I wish them luck!!!
2007-06-24 04:21:18 · answer #6 · answered by FirebirdMan54321 3 · 0⤊ 0⤋
"my friend"... sureee.. sorry.. i just love the "my friend" questions....
Yes. She and her son both own the vehicle and insurance follows (or should follow when you have it) the vehicle.
The other party will sue both the son and mother.. if the cannot pay the damages she is awarded... their wages could be garnished.. property taken.. etc.
2007-06-24 04:14:57 · answer #7 · answered by Anonymous · 1⤊ 0⤋
definitely not. do not do it. one thank you to come again to a decision is, could you ever ask a chum to co-sign a private loan for you or could your have self belief in your self? do not do for others issues which you would be able to on no account dream of asking others to do for you.
2016-09-28 09:31:14 · answer #8 · answered by ? 4 · 0⤊ 0⤋
your not very responsible, are you?
no licence, ins. and hitanrun.....leave the kid in jail, and do whatever it takes to keep your house.....push everything you can, off on the kid......
although that might not be much....
pay the piper...stupid is no excuse....
2007-06-24 05:50:02 · answer #9 · answered by DennistheMenace 7 · 0⤊ 0⤋