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Originally Posted by BV
So basically you were a cosigner for his loan and then he defaulted and took the money, so now the bank is going to make you repay the loan or they will take your property.
yah that really sucks, i can see where that would hurt you being your dad and all
does he have money? or is he broke? does he own anything? you can sue and put a lien on his property. or here is USA you can, have no idea there
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you got it, if i dont pay i can loose one of my properties...
i think thats the word, consigner.. the only way to get a loan here is with a consigner
he is broke.. he owns the farm and a few properties but he has nothing in his name anymore.. he transferred everything to other people's name so the government or any other creditor couldnt take it
i already talked with a couple of lawyers but they also think that there are nothing mutch to do as he dont have anything in his name anymore.. hard case i guess.. they are studying the case and i hope i can get better responses next week