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If your name is listed on the Title then you have all rights to posses the vehicle. The loan instrument doe not construe ownership, the title does.
Again if your name is on the title and registration you can Take the vehicle or better yet depending on your situation, call the police (with title in hand) and report the vehicle stolen, this can be a very powerful threat to who ever has the vehicle.
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What rights does a cosigner have before repossession?
The co-signer has every right to take possession of the car. In state law they can call the police and hire a tow truck…sorry that the down side to having a co- signer The co-signer has every right to take possession of the car. In state law they can call the police and hire a tow truck…sorry that the down side to having a co- signer The co-signer has every right to take possession of the car. In state law they can call the police and hire a tow truck…sorry that the down side to having a co- signer The co-signer has every right to take possession of the car. In state law they can call the police and hire a tow truck…sorry that the down side to having a co- signer The co-signer has every right to take possession of the car. In state law they can call the police and hire a tow truck…sorry that the down side to having a co- signer
Can a primary co signer take the car from the secondary co signer?
can a primary co signer take the car away from a secondary co signer
Can a co-signer repossess a vehicle if a sibling is not making payments?
The co-signer is typically a person who signs for the car loan; the co-signer may or may not be listed as a co-owner on the title. If the co-signer is also a co-owner, the co-owner who is paying the loan can legally take the car. However, if the co-signer is not a co-owner, taking the car would be grand theft auto. Incidentally, if the co-signer is not also a co-owner and the loan falls into default, both the signer and the co-signer will be identified in credit reports as defaulting on a car loan, even though the co-signer did not have or use the car.
You bought a car with a co signer can you file bankruptcy?
Sure. The co-signer will be responsible for the debt on the car.
Can a car loan be transfferd?
It can be transferred to a co-signer only. If their is no co-signer on the note, then your answer is no.
How does the primary owner of a car pass the car to the co signer?
You need to sign the Certificate of Title over to the co signer so that the vehicle can be legally registered in the name of the co-signer.
How does the primary owner of a car pass the car to the co-signer?
You need to sign the Certificate of Title over to the co signer so that the vehicle can be legally registered in the name of the co-signer.
What happens if the partner on the mortgage loan moves out nd stops paying?
The remaining co-signer would be stuck paying the mortgage or the lender will take possession of the property by foreclosure.The remaining co-signer would be stuck paying the mortgage or the lender will take possession of the property by foreclosure.The remaining co-signer would be stuck paying the mortgage or the lender will take possession of the property by foreclosure.The remaining co-signer would be stuck paying the mortgage or the lender will take possession of the property by foreclosure.
Can the primary signer of a car take it away from co-signer if all the payments were made and up to date by co-signer?
NO
Can a co-signer take possession of a vehicle if the payments are a few days late?
It depends onwhat's in the contract. * The co-signer would need to be on the vehicle title as a co-owner or a lien holder before they would be able to take possession of the vehicle.
If the primary borrower in Colorado is not defaulted on the payments can the co-signer take possession of the vehicle?
The only way that a co-signer can take possession of the vehicle is if they are listed on the title as a co-owner. Even if they are a co-owner, they cannot just take the vehicle. They would need to sue the primary borrower in court to gain possession.
In California State what are the legal rights of ownership for a vehicle between a primary buyer and a co buyer when the primary buyer becomes delinquent on a payment?
Unknown what is meant by the term "co-buyer." Are you referring to a "co-signer" of the loan? In such a transaction the only entity that actually OWNS the car is the lender. The borrower is allowed to POSSESS the car only so long as the financial obligation to the lender is met and current. If the buyer stops paying, the lender will turn to the co-signer for the money, but just because the principal buyer stops paying doesn't automatically mean that the possession of the vehicle passes to the co-signer. Whatever interest the co-signer has in the car is a matter of agreement between him and the buyer of the car. The co-signer does not necessarily have any legal rights to the car at all. The lender doesn't care who actually HAS the car in their possession just so long as they are paid the money that is due them.
