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The only one who can "repossess" IS one who has a lein. NO Lein, NO repo. No Lein, NO CO-SIGNOR.

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โˆ™ 2015-07-14 16:08:39
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Q: Can a co-signer have a car repossessed if there is no lien?
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Related questions

Can a car be repossessed with title and no lien on it?

no


Can your car be repossessed if there is no lien holder on title?

no


Can a cosigner have a car repossessed if the loan has been in arrears?

yes


What happens when a car is repossessed and you are the cosigner?

You will also be liable for any deficiency balance


If a car was voluntary repossessed and the cosigner was not notified is the cosigner still responsible?

Yes. If you signed the loan, you are still legally responsible for it.


Can the lender put a lien on another car if a cosigner refuses to pay another car loan?

no


Can a car be repossessed if there is a lien holder on title but there is no actual loan?

hi


How bad does it affect the cosigner's credit if the borrower has the car voluntarily repossessed?

It has the same effect on the credit.


Can a car be repossessed if there is no lien holder?

In that case there would be no one with the right of repossession.


How can the cosigner of a car immediately have possession of it after it was repossessed by the bank?

When you cosign for anyone you are taking 100% responsibility for the payments on that car. If the person that gets the car doesn't keep their payments up it will be repossessed by the bank with an option for the cosigner to take over payments or sell the car and pay back the loan. Marcy


As a cosigner can you have a vehicle repossessed without affecting the cosigner credit rating?

Nope.


Is there a time limit in which a car can be repossessed?

As long as there is a lien on the vehicle the lienholder has the right to repossess the property

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