0
Can a joint car loan holder sign off to the other joint holder and then have no responsibility?
Wiki User
∙ 15y ago
only if the person can get financed on the vehicle without you otherwise your stuck until payoff if repoed you are responsible had to pay off my ex-wifes car after divorce
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
What happens to the joint mortgage holder of a take over mortgage if the original mortgage holder pays the loan?
The joint person is still responsible until the loan is paid off or refinanced out of the person's joint name.
Can you loan with speedy cash if you have a joint account?
Possibly, but you should consult your joint account holder before doing this.
What happens to a mortgage loan when the sole loan holder dies and the property is titled Joint tenants with full rights of suvivorship?
The mortgage obligation remains on the property. If the holder of the mortgage dies then her heirs own the mortgage.
Who pays remainder of loan when car is totaled?
It depends. if you have GAP insurance, the insurance company will pay the payoff amount. If you do not have GAP insurance, it is the holder of loan's responsibility to pay off the complete open loan regardless of the amount paid by the insurance company.
What is responsibility as an heir to deceased's loan?
There is no responsibility. The loan is the responsibility of the estate. They are required to pay off the loans if possible.
Do you have to pay back the loan on a car repo?
Yes and No... Once the vehicle is repossed you are afforded an opportunity to pay what you owe and retrieve your car... If you dont meet the requirements to satisfy the lien holder, the vehicle will go to auction. After the auction whatever is owed on the remaining balance is is the responsibility of the loan holder & or co-signer.
What is your responsibility to the loan holder when you have an auto accident?
The same as they were before the accident. You owe the balance of the note loaned you. If you had full coverage auto insurance then you will likely have no need for concern.
How can you get the papers stating that you have a deferred loan?
Contact your loan holder.
Who is resposible for the assumable loan if it foreclosed on?
the original loan holder
If the person you cosigned for refuses to pay on the car loan after a year and a half can the cosigner take over payments and get possession of the car?
Only if they are a joint title holder of the vehicle.
How do you remove your name from a joint auto loan?
The car loan will have to be paid off in order to remove your name. The other signer will have to get a new loan in her/his name only.
How do you add your child as joint tenant to your home loan?
How do you add your child as joint tenant to your home loan
