First things first; find out who's name is on the registration and title. If it is only in one of your names, you could be in trouble. I suggest you call a lawyer and fast if that is the case and your name isn't on either of them.
A doubt very much if a lender will release a cosigner from any obligation if the collateral is not fully paid for. In this case the collateral is a car and its a repo mans dream. Remember to always know your cosigner.
The only way to take a cosigner off of a loan is to refinance it.
No. The cosigner would have to apply for a loan in their name using their credit, income data.
Not if you are both on Title unless they forge your name.
They would need to have the vehicle refinanced in their name only or obtain another cosigner for the refinancing.
Yes
The only way to be relieved of the obligation is for the primary borrower to refinance the vehicle.
No. Once a cosigner has signed the contract the only way they can be removed from the responsibility is a new agreement being made without the assistance of the original cosigner.
You must pay off the mortgage and refinance the loan in a single name.You must pay off the mortgage and refinance the loan in a single name.You must pay off the mortgage and refinance the loan in a single name.You must pay off the mortgage and refinance the loan in a single name.
Yes it does, Only after you refinance the property may you take the cosigners name of the mortgage loan.
Buy cobuyer I wonder if you mean cosigner on a loan. If this is the case then the answer is no. As a cosigner you are simply agreeing to pay the loan if the person who took it out does not. It is in his or her name and you are responsible for it if they do not pay it.
If the landlord will accept the financial resources of just the one signer as sufficient, they MAY allow the removal of the seond party. Approach them and ask, if they agree they may re-issue the lease in only one name.
Yes. The judge can order the spouse who is keeping the vehicle to refinance it in their name only.