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In North Carolina if you have cosigned for an auto loan and the loan is in default and the auto is damaged is the cosigner responsible for the damage?
Wiki User
∙ 16y ago
No - just the loan. BUT! The seller may repossess and sell the damaged car for $500.00 to apply to the loan rather than maybe $2000.00. So it's about the same anyway. You lose.
Wiki User
∙ 16y ago
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Can a cosigner let a lender foreclose on a house instead of making payments when the primary borrower has defaulted?
Yes, but the cosigner will still be legally responsible for any outstanding fees, penalties, deficiencies and so forth that may occur due to the foreclosure. The cosigner's credit will also be significantly damaged by the foreclosure and any other action by the lender.
In 1989 hurricane Hugo damaged much of this state's Atlantic coast?
North Carolina
If you filed for bankruptcy would the cosigner of your auto loan be forced to take over payment?
The answer is that the cosigner would be left responsible for taking over the payments. If the cosigner wants to maintain his or her credit rating (which is probably damaged due to your filing bankruptcy), If the consignor does not want the auto loan people to sue for any remaining balance, then he or she will need to keep making the payments. If the auto loan company sues for any remaining balance and gets a judgment, then the auto loan company will go after the assets of the consignor and or garish their earnings. attempt o seize their assets or garnish their earnings.
Am i responsible i damaged an awning but other parties have damaged the same awning who is responsible myselfcausing initial damage or all three of us that have caused damage?
if you had repaired it when it was first damaged, it would be an easy choice. But in this case, you have to CONVINCE the "others" that they also damaged it. Since you did not replace it when it was damaged, you would have no case in a court.
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Is the landlord or tenant responsible for damaged plants?
If the tenant damaged them, then it's the tenants fault. Ifit was the landlord, then it's their fault
What state did hurricane Hugo damage?
Hurricane Hugo caused significant damage to the state of South Carolina in September 1989. It made landfall as a Category 4 hurricane, causing widespread destruction with high winds and flooding.
Which urban was damaged during the Civil war?
Atlanta, Georgia. Columbia, South Carolina.
Towing driver damaged car repossessing it so who is responsible?
Towing driver.
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The driver
If a bumped a damaged bumper in the same spot am i responsible for fixing it?
yes twice
Which organelle is responsible for removal of other damaged organelles and cellular debris?
Lysosome
