is there any way to co-sign on a mortgage and write in to the loan that if they miss payments you can evict?
I’m thinking of starting up a community revilalization program that buys distressed homes and matches pre-screened applicants with local corporate co-signers as a way to strengthen families and improve neighborhoods. Before I go to any potential corporate ‘sponsors’ I want to see if there’s a way to minimize their exposure.
Thanks for the quick replies. I realize the co-signer is liable, I guess what I’m asking is this…is there a way to write the loan doc so that once the primary borrower misses a payment that they can be evicted so the co-signer can sell the home?