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  1. We will agree to disagree but I do make a very good living dealing with such issues - even when the collateral has not been seized by the secured lender. Des.
  2. Many consumers have the above misconception. Many consumers "believe" that a "co-signer" is not the primary obligor. This belief is wrong. A "cosigner" is just as responsible for the obligation under the contract as the first party who signs on the dotted line. A cosigner may be called to step up to the plate if and when the primary borrower fails to pay and this has NOTHING to do with the repossession of collateral. A cosigner, unlike one signing a personal guarantee, IS the borrower. https://www.investopedia.com/articles/personal-finance/082115/what-are-cosigners-liable-resp
  3. Unfortunately, you are 100% responsible for the debt. If your parents are not paying, the lender will look to you. If payments are not current you can suffer the consequences as it relates to your credit report. Such is the risk anyone who "co-signs" takes. As to your comment that your folks filed bk without your "consent", please understand that your permission is not required. They had the right to file and did not need anyone's "consent". Des.
  4. Edt: JMW, Apparently I am posting this to a different thread you started. I cannot find the correct thread. Sorry for any confusion. Des. Sorry JMW, but the "show me the note" argument is and always has been garbage. It is and always has been only a delay tactic. I In fact, judges are finally getting tired of this crap, especially if the homeowner is represented by an attny. In my State, one judge awarded Counsel for the lender payment of its legal fees and those fees were assessed against the homeowner's attny who I am sure is now dealing with an investigation by the State Bar.
  5. My first suggestion is that you go back to those attorneys and have them put in writing exactly how the filing of a Chapter 7 will help you negotiate the modification of the loan. 1. Chapter 7 does not, I repeat, does not, help you save a home. 2. With the exception of a Chapter 12, none of the bk chapters can force a modification on a lender who is solely secured by the debtor's principal residence. Please do not get "modification" confused with stripping off a wholly unsecured junior mortgage through a reorganization bk. 3. Assuming you live in a state that does not have an anti
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