Check your Deed. If you both are "undivided" owners..meaning you both own the property equally 100%..then NO they can not sell. Most of the time there is rights of survivorship in that kind of Title but if you each own 1/2 or 1/4 or ???? "divided interest..they can sell their share... 1/2 or 1/4. Check with your closing attorney.
Just as with any assest, primary usually has to do with the persons amount of stake in it. Lets say two people buy a property, one gives 75 % of the money the other 25%, the one with more vested would be the primary.
You would not be able to sell the home without the owner knowing, but unless your mortagage includes a clause forbidding it, you could rent the home to another party.
You can if what your doing is buying or arranging insurance on behalf of the legal owner. The owner of the property needs to be the primary insured beneficiary. Other parties interests can also be listed on the policy.AnswerNo not really. The insurance looks for ownership documents I guess.
As a co-owner on the deed, your signature is required along with the other two parties. This sale would not even get through the first phase of a title search without the signatures of all the owners.
XTO energy is a energy solutions company. They most recently formed a partnership with Exxon Mobile corporation who is the primary owner of the group or a parent company.
No. The purpose of requiring a co-signer is that in the case of a default by the primary borrower, the cosigner has agreed to be fully responsible for the loan. Therefore, if the borrower defaults, that's what you're there for if you're the cosigner.
Nothing unless they filed on your loan.
You don't have to contact anyone. The lender will report information on the primary borrower, cosigner, joint owner, guarantor, and other relationships.
I am not an attorney but to my understanding, yes they can!! The other party just has to prove your at fault. For instance, you co-signed which allowed the primary to get the vehicle which did the damage without you the primary couldn't of gotten the loan and therefore it is your fault. The only way you might not be at fault is if you are not named as a registered owner of the vehicle.
A "Cosigner" is a "Co-owner." Cobuyers and buyers are equally responsible for the note they signed.
No, a co-owner cannot sell a car without the primary owner. Both people have to be present for the sale of this car to go through.
No, a co-owner cannot sell a car without the primary owner. Both people have to be present for the sale of this car to go through.
No. A cosigner is not a co-owner of the property simply by signing the loan contract. They must specifically insist that they be added to the title. Otherwise they have promised to pay for property they do not own if the primary borrower fails to pay.No. A cosigner is not a co-owner of the property simply by signing the loan contract. They must specifically insist that they be added to the title. Otherwise they have promised to pay for property they do not own if the primary borrower fails to pay.No. A cosigner is not a co-owner of the property simply by signing the loan contract. They must specifically insist that they be added to the title. Otherwise they have promised to pay for property they do not own if the primary borrower fails to pay.No. A cosigner is not a co-owner of the property simply by signing the loan contract. They must specifically insist that they be added to the title. Otherwise they have promised to pay for property they do not own if the primary borrower fails to pay.
Only if you refinance the vehicle without the cosigner on the new loan.
A primary owner cannot refinance a car loan without consent from the co-owner. Both parties must agree to the action.
No they can not because then the cosinger can report te car being stolen. YES YOU CAN AS LONG AS YOU ARE THE PRIMARY OWNER OF THE VEHICLE. THE COSIGNER IS JUST A PERSON WHO HAS MADE AN AGREEMENT WITH THE BANK THAT IF FOR SOME REASON YOU SHOULD DEFAULT ON THE LOAN THE BANK CAN PURSUE THE COSIGNER. BECAUSE THE COSIGNER PRESUMABLY HAS BETTER CREDIT AND STRONGER WORK HISTORY, THUS THE ABILITY TO REPAY THE LOAN. OF COURSE YOU HAVE TO BE OF AGE AND FOLLOW ALL OF THE LAWS WHEN DRIVING.
The primary borrower and the co-signer are equally responsible for paying the loan. if the primary defaults, both their credit records will be ruined and the lender will go after the co-signer for payment. The difference is that the primary is generally the owner of the property and the co-signer is agreeing to pay a debt for property they do not own.The primary borrower and the co-signer are equally responsible for paying the loan. if the primary defaults, both their credit records will be ruined and the lender will go after the co-signer for payment. The difference is that the primary is generally the owner of the property and the co-signer is agreeing to pay a debt for property they do not own.The primary borrower and the co-signer are equally responsible for paying the loan. if the primary defaults, both their credit records will be ruined and the lender will go after the co-signer for payment. The difference is that the primary is generally the owner of the property and the co-signer is agreeing to pay a debt for property they do not own.The primary borrower and the co-signer are equally responsible for paying the loan. if the primary defaults, both their credit records will be ruined and the lender will go after the co-signer for payment. The difference is that the primary is generally the owner of the property and the co-signer is agreeing to pay a debt for property they do not own.