Re: Concerning a Co-Signer
Sorry jac but she does not owe half, nor do you. Each of you are equally liable for the entire amount. They can chose to attempt to collect from either party.
What I would like to know is this: If there is anything I could do as far as ensuring that she takes on half of what is owed to the bank for the vehicle?
Doesn't make any difference. You are just as liable to make sure the car is insured as she is.
Or could I prove her guilty of breaking the contract with the bank; with her having to re-register and re-tag the car from Texas to California and never informing the bank ( I know that she did not inform the bank, as I had to inform the bank that she was no longer in Texas and that she was somewhere in California), or by losing the required insurance on the car at any given time during her ownership of the vehicle?
I am not an attorney and any advice is not to be construed as legal advice. You might even want to ignore my advice. Actually, there are plenty of real attorneys that you might want to ignore as well.