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My brother gave me a car But my dad is on the title Do both of them have to sign it?
No, only the person whose name is on the title have to sign it. So if your dads name is on the title he is the one who has to sign it.
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.
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.
If my name is on the title of the home. Do I have equity in the home?
Yes you do. *Clarification: if you own the home you are owner of any equity that may be realized by the sale or leveraging of the property. That does not mean the home has equity. It only has equity if it is worth more than loans or liens held against it.
When adding a spouse to a title or deed only can that person claim the house on taxes or can only the mortgage holder do that?
One person at a time depending on the state. or both together on a joint return.
You bought a used car but you have a joint vehicle title in mine and my friend name can i get that person off that vehicle title title?
Names on title appear as either (and) (or) if the title is and then both signatures are required. if it is or then only one signature is required to modify ownership of title.
Can the title owner sell the car?
The person listed on the title is the only person allowed to sell the vehicle.
Who can sell the car if 2 names are on the title?
When a CA title has 2 names on it the way the names are recorded will decide who can sell the vehicle. If the names on the title read "person 1 / person 2" then both parties would have to sign off title to sell vehicle but when the title reads "person 1 or person 2 then only one of the two people have to sign the title in order to sell the vehicle. So basically if the names are recorded with a / (meaning end) between the names then both parties must sell but if the names are recorded with an OR between them then only one person has to sign off title for sale. Other states may be different, so check with your DMV to be sure. In some, "or" is used instead of "/."
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.
If you are married must a mortgage use both partners' credit or can it be in only one person's name?
My wife and l bought a condo and it is in both our names but the loan is only in my name We just bought a house but the mortgage loan is only on my name. The title and deed is is both our names.
If only one person in the household is working can they garnish that person's wages for a voluntary repo and can they take your house if you have equity?
Only if that person is on the contract cosigner etc. and no they cant take your house.
If yours is the only name on a home's primary lien but another person's name is on a second mortgage can you refinance without the second person's knowledge?
No, if the second person's name is on the title. Both people will have to sign at closing.
