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Yes they have the part ownership.
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∙ 13y ago
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Where does the co-owner sign if you want ownership of full title?
If the cosigner wants ownership of the property they must arrange to be listed on the certificate of title. You need to check at your state DMV to determine the process in your state.If the cosigner wants ownership of the property they must arrange to be listed on the certificate of title. You need to check at your state DMV to determine the process in your state.If the cosigner wants ownership of the property they must arrange to be listed on the certificate of title. You need to check at your state DMV to determine the process in your state.If the cosigner wants ownership of the property they must arrange to be listed on the certificate of title. You need to check at your state DMV to determine the process in your state.
What is the insurance liability for the cosigner of an auto loan?
None. A cosigner is entering into a legally binding contract to repay the debt if the primary borrower defaults on the lending agreement. The cosigner does not have any other obligation nor ownership rights to the property.
Can a lender call the home number of a cosigner in order to verify the information of the cosigner?
YES!
Is there a difference between co-borrower and co-signer?
Investopedia Says:A co-borrower is different that a cosigner in that a cosigner takes responsibility for the debt should the borrower default, but does not have ownership in the property
Can a cosigner come and take your vehicle for personal reason?
The cosigner is not able to come and obtain your vehicle for personal reasons or any other reason. A cosigner is not claiming ownership of your vehicle, they are simply vouching for your credibility and agreeing that if payments aren't made that they will uphold the responsibility.?æ
Does a cosigner have to be on the title of a vehicle?
No, cosigners don't have to be on the title. The loan and the ownership of the vehicle are under two completely different agencies.
What is cosigned?
A cosigner is the person who agrees to pay off the full balance of the loan if the primary borrower fails to pay. A cosigner signs the loan documents and guarantees payment of the loan even if they have no ownership in the property covered by the loan.
What part of speech is ownership?
Ownership is a noun.
Can a cosigner request half of the insurance check if his name is on the title but he didn't have to make any payments or buy insurance?
Cosigner just means someone who guaranteed the note. What's on the title? If the cosigner is on the title, he/she is entitled to half of the proceeds of a sale or insurance liquidation because it's the TITLE that determines the ownership, not who paid for it.
Can the cosigner sell the home if payments are not being made?
Absolutely not!
Your dad died and now your mom is joint property owner of a home and acres can she will her part to her grandkids?
Short answer - Yes. Of course, this is dependent on the form of joint ownership, and the details of the ownership agreement.
Can a collection agency going after the debt of the cosigner of your auto loan put a lien on your car?
Only if the 'co-signer' also has an ownership interest in the car.
