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What is the remedy if both the person and car you cosigned for an auto loan are missing?
Wiki User
∙ 14y ago
File for missing person. If your name is also on title then file for theft, if not then that cannot be helped. You can apply with the bank that your name be removed from the loan which most likely will cause you to pay a certain amount or you wont even be able to have it removed.
Wiki User
∙ 14y ago
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What happens if you were a cosigner on an auto loan but now your credit is terrible and you are in a credit consolidation program?
As far as the auto loan you cosigned for, nothing will happen as long as the person who actually borrowed the money makes the payments on time.
If you cosigned for an auto loan and your name is on the title do you have a right to the auto?
Absolutely, name exists on title therefore you are part owner.
If you have been served a notice of deficiency for a delinquent auto loan you cosigned on will the bank settle?
Make them a REASONABLE offer. All they can do is say no.
If someone cosigned for a auto loan and you defaulted can they all of a sudden place a lien on your house right before you sale it in 3 weeks?
yes they can do it
Can you get sued if the person you cosigned for did not have insurance?
Anyone can be sued by anyone for anything. Whethe or not it holds up in court is dependent on the Judge and a Jury. In cases of auto accidents, if it comes to lawsuits, generally a very wide net is cast to catch as many as possible.
The person you cosigned for an auto loan refuses to pay what do you do?
Contact the people who gave the loan. You are the next person they will look to for the money. When you cosign you are saying you will pay the loan if the other person doesn't, so now you owe. You could also take the signer to small claims court to get your money back if you end up paying for the loan.
What should you do if you cosigned an auto loan in 1999 and the car was repossessed in 2001 and the primary loan applicant has died?
Missing the real storyYou do not say they are after your butt for the money. ? They may have a lien on his property or even yours. They would try to collect from the Estate. If you are not already being pursued by collectors then you may be OK. I think you did not state all the facts.
What happens if my mom cosigned on an auto loan and I file for bankruptcy?
Your mom will be responsible for the debt and if she does not pay it could affect her credit, she could be placed with a collection agency or sued in court.
If someone cosigned an auto loan can someone else take over as the cosigner a few months later?
From my experience, you would have to re-finance the suto loan with the new co-signer.
If you are the co-buyer and you are the one making the payments can the buyer take your auto away?
Cosigning for ANYONE is one big mistake. If the person you cosign for is not making the payments then the person that cosigned is responsible for all payments. I have no idea why anyone would want to do this. Unless there were stipulations in the contract you signed with the buyer, then no, they can't just up and sell the car. Take another look at your contract. Marcy
In North Carolina if you have cosigned for an auto loan and the loan is in default and the auto is damaged is the cosigner responsible for the damage?
No - just the loan. BUT! The seller may repossess and sell the damaged car for $500.00 to apply to the loan rather than maybe $2000.00. So it's about the same anyway. You lose.
When can a person visit an auto fair in Toronto?
A person can visit an auto fair in Toronto at any time which an auto fair is taking place.
