More details to this question:
My brother got his son in law to cosign on a home loan. The son in law and daughter have divorced. The son in law wants his name taken off the loan. However my brother has not been late nor missed a payment. Can the son in law do anything to alter the loan?
1 ANSWER
Not without the lender's consent, which it might give if someone else with financial resources equal to or greater than the son-in-law's would agree to be a substitute guarantor (I assume the son-in-law was not a co-owner but just signed as a guarantor.)
Answered on Oct 16th, 2014 at 10:10 AM