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Old 05-24-2011, 04:49 PM
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Join Date: May 2011
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Default I cosign my brother mortgage loan, but he...

...want to go bankruptcy on his business.? Brother and I cosign the mortgage loan for our home, will his bankruptcy on his small business affect our home? Should i refinance with just me for 30 fixed to remove his name before he go bankruptcy? We currently have a 10 years fixed of $128000, I would hate to lose my home if he go bankruptcy that affect our home. Please advise! Thank you.He's the primary, but we both are responsible if it go default.
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Old 05-24-2011, 11:09 PM
s t s t is offline
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It may not,,,,but this isnt a time to get advice from yahoo,, talk to an attorney about this.
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