so, person 1 buys a truck and person 2 co-signs. (on loan and title)

person 2 takes out a home improvement loan and person 1 co-signs.

now person 2 walks out (leaves the state, lets house get foreclosed on etc) on the loan sticking person 1 with it.

person 2 also refuses to sign anything to transfer said truck out of their name.

HI loan has an outrageous rate and term, and person 1 has made ~ 1/3 of the payments (about 3000)

what can person 1 do to get away from the HI loan and get the truck in their name?

(not me, a friend of mine)

The only thing that I really think that they can do is to try to get the truck refinanced in their name only and hope that the refinance will bring their interest rates down.  Unfortunately, if the other person has walked away from the home improvement loan and that has defaulted, their credit is probably shot and most likely will not qualify for any type of refinance.

Sell the truck (if possible) and pay off the home improvement loan. Buy used truck without a co-signer.
or
Let the truck get repossessed. Put all monies to pay off the HI loan.

What kinda numbers are we talking about? How much equity in the truck? How large a HI loan?
I'm guessing this is a man and woman thing.

The problem is that person 2 refuses sign off on the title so person 1 cant refinance. (person 1 wants to keep the truck they just want to get person 2s name off the title)

person 1 is sick of paying on the HI loan person 2 took out (with the understanding that they co-signed but dont think its fair person 2). Im not sure about the loan, been paying on it for 27 months (person 2 has made 26 of the 27 payments) already at 108 a month and their is still 33 payments left... the bill does not show a break down of the payment or the interest rate.

If person 1 was smart they wouldn't have a friend asking for advice on the internet.......they would be asking an attorney.

Sounds like another proud graduate of Bad Decisions University.