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.
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.
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.
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.
To sue a primary account holder who has moved out of state, you typically file the lawsuit in the state where the contract was signed or where the debt was incurred, depending on the laws of that state. If the primary account holder has moved to a different state, you may need to follow that state's procedures for serving them with legal notice. It may be helpful to consult with an attorney who is familiar with interstate debt collection laws to determine the best course of action in your situation.
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.
Absolutely not. Credit card companies/banks would never consider taking such action. It would constitute fraud and would be a criminal and civil offense. There might be a rare instance where one spouse has signed the other's name to an account w/o their knowledge. If this is an issue it is definitely subject to dispute by the innocent spouse.
ABSOLUTELY!