What are potential negative consequences to a co-signer?If a person co-signs and... ...the person they co-signed for misses payments, or makes late payments, will this affect the co-signer's credit?...the person they co-signed for cannot make the payments and attempts to short sell, can the lenders come after the co-signer's assets? What about the co-signer's house?...the co-signer wants/needs to take out a loan, will the full amount of the loan/payments be assessed against the co-signer's credit profile? Even if the loan is current and with no lates?...the co-signer needs to be taken off the loan, is there any way they can do this without the person they co-signed for refinancing on-their-own?September 06 2013 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.