Quote:
Originally Posted by ratbastid
It's not his lawyer's fault. This is how it works. His name's on the loan, and it doesn't matter what the legal system says, the BANKING system says he's responsible. Actually, he promised to be responsible for the debt when he cosigned. It wasn't "I'll be responsible for the debt as long as I'm married to my fellow cosigner".
The only way out of it is to refinance the car under just her name, which you obviously can't do without her--and given her payment history, it's likely not possible to get a loan just under her name.
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I've actually seen lawyers make this happen in the beginning, which is the only reason I brought it up. When going through a divorse possesions change hands and there are things that can be done at that time. Other lawyers will say what his did so they can then earn more fees later fixing the problem. Everything is negotiable.
If a monkey has its feet on two sets of shoulders it will eventually pick up one foot. This monkey left his foot on the dude's shoulders!