Grandfather co-signed on a car loan for grandson in military. Grandson left military unexpectedly, made sporadic payments, and has now defaulted on the loan. Grandfather is elderly, handicapped, and on fixed income, but finance company threatening to place a lien on his home once the vehicle has been repossessed and sold at auction. What can the grandfather do?
The grandfather would have a course of action against his grandson for all costs incurred as the result of the latter defaulting - IF he can find the grandson, and IF the grandson has any assets to pay the judgment with.
The foregoing is for general information purposes and does not establish an attorney-client relationship.
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