0
Ask the co-owner to transfer their interest in the property to you. Offer to buy them out.
Ask the co-owner to transfer their interest in the property to you. Offer to buy them out.
Ask the co-owner to transfer their interest in the property to you. Offer to buy them out.
Ask the co-owner to transfer their interest in the property to you. Offer to buy them out.
What else can I help you with?
Does being a co-buyer entitle you to any rights?
You have full and equal right of ownership on the property purchased.
Can the co-buyer insure a car?
Yes the co-buyer can insure the car because basically its saying that the co-buyer has ownership in the automobile as well as the buyer.
Is the co signer the same as the co buyer?
No. The co-buyer has an ownership interest in the property. The co-signer does not and only guarantees the loan will be paid. The co-signer is equally responsible for paying off the loan if the primary borrower fails to pay.No. The co-buyer has an ownership interest in the property. The co-signer does not and only guarantees the loan will be paid. The co-signer is equally responsible for paying off the loan if the primary borrower fails to pay.No. The co-buyer has an ownership interest in the property. The co-signer does not and only guarantees the loan will be paid. The co-signer is equally responsible for paying off the loan if the primary borrower fails to pay.No. The co-buyer has an ownership interest in the property. The co-signer does not and only guarantees the loan will be paid. The co-signer is equally responsible for paying off the loan if the primary borrower fails to pay.
What happens to co-buyer of a vehicle if the primary dies?
If the primary buyer of a vehicle dies, the co-buyer typically retains their ownership rights and responsibilities for the vehicle. The co-buyer may need to provide documentation, such as a death certificate, to transfer the title solely into their name. Additionally, any financing obligations on the vehicle would usually fall to the co-buyer, who would be responsible for continuing payments or handling the loan with the lender. It's advisable for the co-buyer to consult with a legal professional to understand their specific rights and obligations in this situation.
Can the co borrowers wife take vehicle from buyers if co buyer is incarcerated?
No. Not unless her name is also on the title. The persons named on the title have equal ownership of the vehicle.
Who has rights to the title buyer or co buyer?
It depends on whose name or names are on the title. A co-signer of a loan isn't necessarily an owner. Their name must be on the title to the property also. The person or persons who are listed on the title have ownership rights in the property.
Is the co-buyer of a car also the owner of the car?
Yes, a co-buyer of a car is also considered an owner of the car, as both individuals share legal ownership rights. This means that both co-buyers have the authority to make decisions regarding the car, including its use, sale, or financing. Ownership details are typically documented in the vehicle title, which should reflect both names.
If a co-buyer is on the contract and is making the payments does the co-buyer receive the credit points or does the buyer?
Both the co-buyer and the buyer get the credit and the blame if the loan is not paid. Co-signing on the loan is the same as getting the loan.
The person who assumes full co-ownership of a partnership including unlimited liability is a?
shareholder
Does a co buyer have rights to the auto loan payments?
The lender has the right to receive all the payments. A co-buyer has no rights TO the payments.The co-buyer is equally responsible for making the payments.The lender has the right to receive all the payments. A co-buyer has no rights TO the payments.The co-buyer is equally responsible for making the payments.The lender has the right to receive all the payments. A co-buyer has no rights TO the payments.The co-buyer is equally responsible for making the payments.The lender has the right to receive all the payments. A co-buyer has no rights TO the payments.The co-buyer is equally responsible for making the payments.
Is the co-signer the same as the co-buyer?
No. A co-signer is a person who guarantees the loan and a co-buyer is a person who has equal ownership and liability. An example is when a young married couple wants to buy a car but does not have good or sufficient credit or enough collateral for the loan. They might get one of their parents to guarantee payment of the loan by becoming a co-signer. If the couple defaults on the loan, the co-signer becomes liable. In this same case, the couple as husband and wife, sign the loan (co-borrowers) and the purchase document for the car as co-buyers, sharing equally ownership and primary liability.
If there is a buyer and co-buyer and the buyer does not want the auto can the co-buyer take over the loan because the buyer gets all the credit?
The co-buyer should contact the LENDER and ask to have the buyer removed from the loan. Nothing can be done legally without the LENDERS approval.
