we just got divorced and he gave me the home but it is in forclosure if i fax qick claim to mortage company will they have to start process over
Typically the answer will be yes. The primary insurance holder will always be responsible.
The co-signer will be required to pay off the debt. That's what they agreed to when they co-signed so that the primary could get the account.
If others who are co-signed on the car are in an accident, and cannot afford to pay and charges or fees as a result of that accident, then yes, as a co-signer the primary lease holder will be liable for those oustanding payments.
The endorser is no the holder and the presumption is it signed as a surety of the payment of the instrument to anyone who later becomes a holder.
Yes, checks typically need to be signed by the account holder in order to be deposited.
If you are a joint holder, no. You signed a contract that was legally binding. If you're an authorized user, then you can be removed. In fact, you don't legally even have to pay the debt.
The authorized signature on a check is typically signed by the account holder or an individual authorized by the account holder to sign on their behalf.
You may be able to in some states, but this will not prevent the vehicle from being recovered. If you attempt to interfere with recovery by the primary lien holder in some states you can be criminally charged.
It can be dependent on many factors. The primary insurance holder is always going to be held responsible. The parent of a minor is going to be responsible as well.
A lien holder is the finance company, bank, or individual with whom you signed an agreement to borrow money using a particular asset, such as a car or real property, as collateral. You cannot sell that asset until the loan is paid. If you don't pay the loan, the lien holder can take possession of the property.For example:You signed a contract with a finance company when you purchased your car. The finance company is the lien holder. If you default on your payments the company will take the car.If you signed a mortgage for your home and default on the mortgage, the lender is the lien holder and can take possession of your home by foreclosure.
The lender will view the loan you co-signed as your debt since you are fully responsible for paying that loan if the primary borrower defaults.The lender will view the loan you co-signed as your debt since you are fully responsible for paying that loan if the primary borrower defaults.The lender will view the loan you co-signed as your debt since you are fully responsible for paying that loan if the primary borrower defaults.The lender will view the loan you co-signed as your debt since you are fully responsible for paying that loan if the primary borrower defaults.
Sorry to say, but there would not be any point to file such a lawsuit, since it would not be enforceable, however your not the first to want to file one. It is one of the most common fights in a divorce situation, ex runs up all the cards and the co-signing spouse does not feel its fair to pay the bill. Sadly and while it is not fair that is the purpose of a co-signer, and the credit agreement you signed clearly indicated that both account members would be equally responsible for the repayment and regardless of the usage or benefit.