abarrett72
Junior Member
This took place in Indiana
In November of last year, I (with a cosigner) got a loan for $5000 because I'd planned to move to Wisconsin. My mother's health declined drastically, which cancelled my plans to move. My brother was in need, so I loaned him $3000 of the $5000 to cover closing costs on a house. The agreement was that he would pay me back $3500 when he got an inheritence check he was expecting, which should've taken about 6 weeks. Without talking to me or making any arrangements with me, the cosigner paid off the loan in full in January of this year. The inheritence finally came in, and now the cosigner is trying to go after my brother and his family for the $3000 which I don't see how they even COULD be under any obligation to pay to the cosigner since they had no agreement with them. I'm wondering what my options are and who's legally obligated to pay who.
In November of last year, I (with a cosigner) got a loan for $5000 because I'd planned to move to Wisconsin. My mother's health declined drastically, which cancelled my plans to move. My brother was in need, so I loaned him $3000 of the $5000 to cover closing costs on a house. The agreement was that he would pay me back $3500 when he got an inheritence check he was expecting, which should've taken about 6 weeks. Without talking to me or making any arrangements with me, the cosigner paid off the loan in full in January of this year. The inheritence finally came in, and now the cosigner is trying to go after my brother and his family for the $3000 which I don't see how they even COULD be under any obligation to pay to the cosigner since they had no agreement with them. I'm wondering what my options are and who's legally obligated to pay who.