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Author Topic: Co-Applicant Rights  (Read 1638 times)

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Offline nisha3076

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Co-Applicant Rights
« on: February 19, 2013, 06:00:50 AM »
Hello,

My husband bought a property 4 yrears back i.e house where i was the co-applicant. Husband was paying EMI for the property. Recently, he sold this property without informing me or my signature as a co-applicant. He has also filed a mutual cons divorce forcebaly threatened and signed from me.  Now we have no property but stay in same house on rent.

Kindly guide me my right on this, to what right i have as a co-applicant and can bring any stay on that property.

nisha

Offline justinwilliana

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Re: Co-Applicant Rights
« Reply #1 on: April 26, 2013, 04:16:49 AM »
It is easy for an applicant to believe that a co-signer who acts as a co-applicant will help improve the applicants credit score. It normally does not help, because the co-applicant is responsible for the loan if the applicant doesn't make the payments. The co-applicant puts their credit on the line in the event the applicant defaults on the loan.

 

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