You are both equally responsible for the money owed on the car because it is on both of your credit reports; cosigning makes both people responsible for the payments.
The foreclosure is reported under the names of the primary borrower and the co-signer. The co-signer is equally responsible for paying the loan.
If you co-signed a loan, you are fully and equally responsible for repaying it until such time as it is fully paid off or forgiven.
It will depend on the marital status. If they are married, yes, they are equally responsible. If they are divorced, or never married, the court order determines child support and responsibility for the children and their expenses.
You are responsible for the portion on your property and the other guy is responsible for the portion on their property.
Whoever signed the note and mortgage is equally responsible for paying it. If two people signed they are equally responsible for paying it.
absolutely she or he responsible for what ever happening in the premises of family setup.what ever the matter us both are equally responsible.
They both equally are responsible for the financial, emotional and physical well being of the child.
The lender is the owner of the loan.The person who cosigns a loan is equally responsible for paying it if the primary borrower does not pay.See related question link.The lender is the owner of the loan.The person who cosigns a loan is equally responsible for paying it if the primary borrower does not pay.See related question link.The lender is the owner of the loan.The person who cosigns a loan is equally responsible for paying it if the primary borrower does not pay.See related question link.The lender is the owner of the loan.The person who cosigns a loan is equally responsible for paying it if the primary borrower does not pay.See related question link.
Yes. Joint tenants are equally responsible for paying the mortgage. However, you should be aware that if the circumstances in the relationship between the parties (mortgagors) changes and one abandons the property, the lender will hold the remaining person solely responsible for paying the entire balance due.
The lender has the right to receive all the payments. A co-buyer has no rights TO the payments.The co-buyer is equally responsible for making the payments.The lender has the right to receive all the payments. A co-buyer has no rights TO the payments.The co-buyer is equally responsible for making the payments.The lender has the right to receive all the payments. A co-buyer has no rights TO the payments.The co-buyer is equally responsible for making the payments.The lender has the right to receive all the payments. A co-buyer has no rights TO the payments.The co-buyer is equally responsible for making the payments.
Both are equally responsible. If one doesn't pay the other will be responsible. That is what "co-signing" is all about. The co-signer guarantees the rent will be paid.
Yes, he or she would be equally responsible for the repayment of the loan balance.