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If a car loan has been refinanced does the co-signer have to sign to get their name off the title?
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∙ 18y ago
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How can one remove a cosigner from an equity loan if the cosigner is not on the first mortgage title?
The title has nothing to do with the loan. The loan will need to be refinanced using a different cosigner or only the primary borrowers.
Can you switch the cosigner to the primary?
Yes, you can switch the cosigner to the primary on a loan. The way to do this is to have the loan refinanced.
If the cosigner on a car loan gets the loan refinanced in her name can she then sell the car or does the primary have to sign the title over?
Any title holder must relinquish ownership by signing the title release
Is the cosigner of an auto loan responsible for the loan if the loan was refinanced by the buyer without the knowledge or consent of the cosigner?
No, the refinancing without the consent or knowledge of the original cosigner created a breach of the original lending agreement and the cosigner is no longer legally obligated for the debt.
How can someone be released from cosigning a mortgage loan without ruining their credit?
The only way to be removed from the obligation of cosigner is for the loan to be refinanced.
How can one remove a cosigner from an equity loan if the cosigner is not on the first mortgage title?
The title has nothing to do with the loan. The loan will need to be refinanced using a different cosigner or only the primary borrowers.
Can you switch the cosigner to the primary?
Yes, you can switch the cosigner to the primary on a loan. The way to do this is to have the loan refinanced.
How can a cosigner be removed from the loan?
The only option is for the loan to be refinanced without the particpation of the present cosigner.
If the cosigner on a car loan gets the loan refinanced in her name can she then sell the car or does the primary have to sign the title over?
Any title holder must relinquish ownership by signing the title release
If you are a cosigner in someone's loan for a line of credit and he is at default what can the cosigner do to take his name back?
Nothing. The only option for being remove as a cosigner is to have the original loan refinanced without the cosigner participating.
How does a co signer get their name off a car if they are not on the title and the owner still makes payments on time?
The loan has to be refinanced without the cosigner being involved.
What happens if a cosigner refinances a primary signers loan without notice?
If the first loan was refinanced it must have been paid off by the second loan. You are not responsible for the second loan if you didn't sign it.
Is the cosigner of an auto loan responsible for the loan if the loan was refinanced by the buyer without the knowledge or consent of the cosigner?
No, the refinancing without the consent or knowledge of the original cosigner created a breach of the original lending agreement and the cosigner is no longer legally obligated for the debt.
How long does the co signer have to stay on an auto loan?
A cosigner is obligated as long as the loan exisists. The loan must be paid off or refinanced into the primary borrower's name only to release the cosigner.
How long does the co-signer have to stay on an auto loan?
A cosigner is obligated as long as the loan exisists. The loan must be paid off or refinanced into the primary borrower's name only to release the cosigner.
How can someone be released from cosigning a mortgage loan without ruining their credit?
The only way to be removed from the obligation of cosigner is for the loan to be refinanced.
If you want to get off of a loan as cosigner can you just sign a document saying you are no longer responsible for the car loan and that the other party is?
No. The only way to be removed as a cosigner is for the loan to be refinanced assuming the lender will allow that to happen.
