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Can two people be on a car title with only one person on the loan?
Wiki User
∙ 15y ago
Yes.â™
Wiki User
∙ 15y ago
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If two people are on vehicle loan and only one person on title can the other person register the vehicle?
It makes no difference whose name appears on the loan, the vehicle can only be registered in the name of the person named on the title.
If two people are listed on title of car and person on loan defaults is other person responsible?
The car goes back regardless. If BOTH of the two people are on the loan, then BOTH are responsible. But if only one is on the loan then ONLY that person is reponsible.
If two people buy a house then one person refinances in only their name is the other still on the title or do they no longer have rights to the home?
In order to refinance even in one persons name, anyone else who is on title must be present at closing. You can't legally refinance a home unless all people on title are present at closing. In any case names on a loan do not directly reflect names on title, you can have one person on a loan and 5 people on title.
If there are two owners on a auto title and only one signs for a auto title loan and dies is the other person responsible for paying balance of loan?
The short answer is yes, if you want to keep the car. Otherwise the loan will go into default and it will be repossessed. If you did not sign for the loan, it will not affect your credit.
What happens if mortgage loan holder files for bankruptcy when the title has other people also?
If there are 2 people on the deed of trust and only one on the loan - then the person who has defaulted on the loan will have their credit negatively affected. The one who is only on the deed of trust will lose ownership to the bank or mortgage company, however, their credit will not be affected unless they co-signed or guaranteed the original loan that has defaulted.
Can you get a title loan if your name is not on the title?
No you can't. As the term implies, a title loan is given using the title to a particular piece of property as security (be this a car, boat, house etc). As such, the loan can only be granted to the person whose name appears on the title. I found this site to be a good resource for questions on title loans - http://titleloansfaq.org (just copy and paste the url into your browser) Hope that answers your question :)
How do you get your car title from Bank of America?
The only way to get your car title back from the Bank of America is to pay of the loan that the title is collateral for. If the loan is paid off, they will send you the title in the mail.
Can a title loan company repo a car that wasnot on the title loan agrement for nonpayment?
They can only repossess the vehicle which was on the loan agreement. Taking any other vehicle is theft.
When two people are on a property title can one person get a home equity loan in his name only?
Yes, the loan can be in one sole persons name, but the title can remain in two peoples names or be transfered into one. If you need some help with this I handle situations like this all the time give me a call 214)607-1445.
How can one remove a cosigner from an equity loan if the cosigner is not on the first mortgage title?
The title has nothing to do with the loan. The loan will need to be refinanced using a different cosigner or only the primary borrowers.
Can one person sell the car if two people are on the title?
If the title says "and" then both people are needed to sell the car. If the title says "or" then only one of the people is needed for a sale.
Can a buyer take a co buyer off a car loan?
Only the lender can take a party off a loan. Generally, a loan must be paid off and refinanced to convert it to one person's name. If both parties are on the certificate of title, one party must voluntarily give up their title to the car by signing the title over to the other party.
