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Yes, the cosigner is partly responsible for the car. Therefor they can take equal ownership or ask that you refinance in your own name so they are no longer liable if you default on a payment. Remember, missing payments will hurt both of your credit histories so they have a right to protect their reputation. * A cosigner has no legal right to any property unless his or her name is on the title, nor can a cosigner force someone to refinance a loan without taking the person to court and receiving a court order directing the primary borrower to take such action.

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โˆ™ 2006-04-04 03:12:31
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Q: Does a co-signer have the right to take away the car or ask for you to refinance only in your name because you broke up?
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How to Refinance the Right Way?

Working to figure out if a refinance is right for you is a great idea. You always want to check this kind of thing because you never know when you might be stepping right into a trap. Therefore, you need to use a mortgage refinance calculator to figure out exactly how much any particular type of refinance is going to save you. If it is not much money at all, then there may be little point to even taking the time to even get the refinance in the first place. Always keep that in mind. Get to work running the figures for yourself today.

If the cosigner has had possession of vehicle 15 months paying the payments does the primary have the right to the vehicle?

will primary on a auto loan have right to the vehicle if cosigner has been paying loan for 15 months and has possession of vehicle will primary on a auto loan have right to the vehicle if cosigner has been paying loan for 15 months and has possession of vehicle

Is Oprah single right this second?

No because her 2 boyfriends broke up with her.

I just bought a new car but two days later the dealership called and said i need a cosigner I found one and they have very good credit should my APR and monthly payment go down with a cosigner?

No because you applied for the loan with YOUR credit. For whatever reason (you have the right to find out why) the dealership decided you were too big of a risk to be granted the loan you requested. The purpose of the cosigner is that in case you mess up your cosigner will be responsible for the loan.

Can the cosigner sell the house if his name is not on the deed and the primary borrower has missed 3 payments?

No. If you are not on the deed, you can't sell the property. The only "right" you have as a cosigner is the obligation to make the payments.

Im a primary borrower on a loan n i had2 have a cosigner to get my car. i have made several payments on my carnthe cosigner had told me tht he had the car sold hes now got the not makein payments?

Something is not right here. If you are the primary, then why is the cosigner making payments and why does the cosigner have possession of the vehicle? The is back-wards of what it should be. And why in the world would you put the cosigners name on the title? You have a mess on your hands, because you went about this all wrong. You need to contact a lawyer ASAP.

Who is RPatz dating?

right now maybe no one because he broke up with Kristen Stewart!

Does a co-signer have right to the vehicle after it is paid off?

The cosigner has equal right to the vehicle whether it is paid off or not.

Does a cosigner have the right to take possession of the car when the primary borrower has made all the payments and has not defaulted on the loan?

No, a cosigner has no legal rights to a vehicle unless his or her name appears on the vehicle title.

How long does a company have to inform a cosigner that the borrower is in default in payment?

It is their legal right to never inform you and simply allow your credit deteriorate. It is your job as the cosigner to make sure the contract is up-to-date.

What are the rules for equity loan refinance in the UK?

The rules for equity loan refinance in the UK are that consumers have a right to cancer a equity loan up to three days after signing a contract for an equity loan. This new rule is called the right of rescission.

What are the rights of borrowers when the cosigner is considering a lawsuit to force them to take a second mortgage so the cosigner can recover money paid because the mortgage was defaulted on?

The cosigner has the right to file a lawsuit against the primary borrower's to recover his or her financial losses due to the defaulted lending agreement. The procurement of a second mortgage does not seem viable if the primary borrower's credit was not originally sufficient for them to obtain the loan without the need of a cosigner. It is more likely the house will have to be forfeited by means of foreclosure and the cosigner will have to try to recover losses by other means. The primary borrower's best choice is to obtain legal advice as to what their options are before a lawsuit is filed against them.

Computing Your Savings With an FHA Refinance Calculator?

If you're considering refinancing your FHA mortgage, the first step to deciding if a refinance is right for you is computing the savings you might enjoy from such a move. An FHA refinance calculator enables you to accurately calculate the possible savings a refinance could offer. While you may believe that the difference between your current mortgage payment and a new mortgage payment after refinance will be all you need to know, an FHA refinance calculator lets you take into account all of the fees that are associated with refinancing. You'll get the big picture and be able to decide if you should refinance.

Can you refinance if your loan is upside down?

turn it right side up stupid, everyone knows that.

The Right Time To Refinance?

When you look at Bank of America refinance rates, you might find that the time is right to get a new rate on your home. But when is the right time to refinance? You shouldn't just do it on a whim. A smart person will refinance only when conditions are right both in the market and in their life. In order to make a good decision on whether to refinance, you need to have a good feeling on the market and you need to have a good handle on your own financial situation. Here is some advice on what to do after you see those Bank of America refinance rates.When the market conditions are rightThe time is right to refinance your home when the market is on a downtick. You obviously only want to refinance when the rates are much lower than your current rates. Though you might think that it's good to refinance any time the rates are lower than your rates, this is not the case. In reality, there are lots of costs associated with refinancing. If you are going to get your money's worth, then you will need to get significantly lower rates. Likewise, you want to look for a moment when the market is at its bottom. If the rates might go lower, you should wait.When you are secure financiallyOne general rule for living is that you don't need to make any financial decisions when you are desperate. If you are in poor financial shape, then you don't need to be changing things up. The problem, of course, is that you might be influenced by your current circumstances. That can be a bad thing for you financially and it can cause you to do things that you wouldn't normally do. Make sure that you are in good shape from a financial perspective because you think of changing it up.If you are going to refinance, then you need to get solid rates. Compare the market and find a bank that will give you rates that are substantially lower than the ones you have. Comparing the market is the most important thing that you can do.

How can you borrow money against a home you own outright?

You mortgage the home. The process is similar to a refinance, but you do not have a lender that will be paid off. Therefore it is automatically a "cash out" refinance mortgage.

Can a cosigner take the vehicle even if no payments are late?

NO! He is only guaranteeing the loan. He has no legal right to take the car.

Who broke up with who maria or cm punk?

Maria did because she had an on screen relationship with santino, and Maria thought it would be not right so they broke up. Also, Maria was cheating on punk for Cena and Morrison.

Why did britney spears and Justin Timberlake broke up?

because she cheated on him with their choreographer(britnney spears and n sync)wade Robinson and he found out about it and then broke up with her by his cell phone right before a cocert!!

How can you be a cosigner if the title is in the name of the person you cosigned for?

Many people cosign a loan for property they don't own. Many are uninformed of the consequences of cosigning. They don't realize they are agreeing to be completely responsible for a loan for property that belongs to someone else. If the primary borrower defaults on the loan and the cosigner must make the payments, the cosigner has no automatic right to the property.

Did miley break up with Nick Jonas or did nick break up with her?

He broke up first because everything was not going right...

Can someone be a cosigner for an apartment if they live in another state?

Whether or not an apartment complex would allow someone from another state to become a cosigner would be up to them to decide. They have the right to set their own rules in regards to who would be allowed to cosign.

When in the state of PA if one party cosigns for the vehicle and the cosignee divorces a daughter can the cosigner repo the car if there is suuficient proof that the ex-son in law has lost a job?

I'm sure you won't like this answer, but only the lender can repossess the collateral. If the cosigner is also a co-owner and listed on the title, he could insist on taking his turn driving the car. But essentially, the only right a cosigner has is the "right" to make the payments if the primary borrower does not.

When a loan is in default does the lender have to notify the cosigner?

When a loan is in arrears (past due), the creditor has the legal right to contact the cosigner unless the loan is included in bankruptcy. The Fair Debt Collection Practices Act states this fact. The sole purpose of a cosigner/guarantor is to guarantee the loan, hence it is likely if no payment arrangements have been made by one, they will collect from the other.

If the borrower cannot make the payments but the cosigner does can the mortgage company still take the house?

Not if the cosigner has been making the payments on time. But often the cosigner doesn't know the loan is in default until it is past due 30 days or more, so if you have received two or three (depends on state laws) Right To Cure Default letters, the bank can foreclose.