Q: If a co-signer dies, what happens to the loan?
A: The loan is still in force - the other individual will still be responsible for payment. It is also possible that the estate of the person who died will have to pay it - and in turn could require the other borrower to repay the estate. Every case like this is different and a lawyer should be consulted so they can review and advise you on the specific facts of the case.
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