More details to this question:
So a family member co-signed a business loan. The people who signed with lied to them about the business. So the bank might be after their asset soon because the people that sign on don't really have anything. So is there a way out of the co-signing?
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It sounds like there was fraud in getting the family member to sign the contract. That may be a way out of the deal and your family member may be able to get the signature rescinded through a demand letter written by an attorney and sent to the other party to the contract.
Answered on Jan 01st, 2017 at 5:39 PM
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