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Can you keep a car that your name is not on loan but was given to you by the deceased?
Wiki User
∙ 15y ago
You need to have the title transferred to your own name and notify the loan company of the change in ownership. Then you will need to pay the balance of the loan or renegotiate the loan with the bank. If you don't pay the loan the car will be repossessed.
Wiki User
∙ 15y ago
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Responsibility to pay deceased spouse's equity loan?
Even if your name is not on the loan you have to pay for it if: You are next of kin (which you are if you are married) or You are in the Will of the deceased.
Who is resposible for the loan if the title is in the deceased name only?
The estate is responsible for the loan. If it is not paid the bank will take the property.
What name is given to someone who suffers death?
The deceased.
What happens if you have a car that was hidden for 8 years out of state and the loan is in a deceased parent's name?
The estate of the deceased parent is responsible for the debt. The leinholder gets the car.
Can you keep utility bills in the name of a deceased spouse or parent?
You can, but its fraud.
Does a spouse have to pay back a loan of a deceased spouse if they are not a joint holder of the loan?
Depends on the state you live in. * If the married couple resided in a community property state the surviving spouse might be held accountable for the debt even though the loan was only in the name of the deceased spouse. In all other states the surviving spouse is not responsible for debt that is incurred solely by a living or deceased spouse.
If a car is in the name of a deceased parent but the car continues to be paid for can it be repossessed?
I wouldn't see why they want the money not the car.AnswerProblem is, the loan is not in the survivng person's name. The lender would want to redo the loan in the new person's name before they held off the repo. If the new person can't get the loan, then the bank will have it repo'd.
You helped a friend get a car in your name only Now he has given the car back to you because he was able to get a car in his name after having a credit wipe What can you do?
Sell it? Keep it? It's in your name. Do whatever you want with it. If there's a loan on it, and the car's worth less than the loan, you'll have to eat the difference if you sell it. If the loan is in your name you have to make the payments. You could let it be reposessed, but the loan company will sell it and come after you for the difference in what they get and what you owe. Never buy a car for a friend.
What is Name of money given to a borrower of low income and assets?
subprime loan
Can you deed your home over and keep your name on the loan?
You need to notify the lender of any changes in ownership. They will then call in the loan.
Are you responsible for your deceased husbands car payments if your name is not on the title or on the loan?
unless his will states otherwise you inherit all of his property and debt. that includes, loans.
Your husband died last year and you are listed as a co-owner but your name is not on the loan.?
Hopefully, You were not maried when the loan was given, You should see an attorney.
