Swindled by my Grandson

Dear Amy,
I cosigned for my grandson to get a motorcycle. He would not leave me alone until I signed. I finally broke and signed the paper. He paid for it until recently but then he stopped because I wouldn't give him a free place to live and he's mad at me. He took the motorcycle to Arizona and left it. He will not go get it or pay for it. The finance company wants me to pay for it. My name is not on the title. Am I going to have to pay for this while he gets to keep the motorcycle?

Dear Swindled, 

     Your grandson seems to be suffering from a serious feeling of entitlement. It’s unfortunate that you co-signed because it does make you liable for the payments.
     I’m really sorry this is happening to you. Co-signing a loan for a family member is always a calculated risk and I’m sorry that your grandson isn’t living up to his end of the bargain. It’s shameful.

Amy