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How do you pay off a loan to a deceased lender?

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2006-06-29 15:54:06
2006-06-29 15:54:06

The debt is paid to the estate through probate court procedures.

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Yes when you pay off your auto loan the payment should be made to the lender. In fact all auto loan payments should be made to the lender who financed the loan.

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Unless there is insurance to pay the loan the estate of the deceased will pay it. If there is no estate, the lender is out of luck.

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If you are selling the car for enough cash to pay off the balance on the loan it is simple. Simply take the buyer with you to the lender and pay off the loan. You will get a lien release that you then take with you and the buyer to your DMV and transfer the car over to the buyer. If you are not getting enough to pay off the loan, then you have 2 choices. Ask the lender to allow the buyer to take over the payments, or pay off the loan with money from another source. You cannot sell the car without a lien release from the lender, so you must talk to the lender.

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You can't get your name off a car loan. In fact, if the primary borrower isn't making the payments the lender will go after you for payment. That was the reason the lender required a co-signer. You promised to pay if they didn't and you signed the loan.You can't get your name off a car loan. In fact, if the primary borrower isn't making the payments the lender will go after you for payment. That was the reason the lender required a co-signer. You promised to pay if they didn't and you signed the loan.You can't get your name off a car loan. In fact, if the primary borrower isn't making the payments the lender will go after you for payment. That was the reason the lender required a co-signer. You promised to pay if they didn't and you signed the loan.You can't get your name off a car loan. In fact, if the primary borrower isn't making the payments the lender will go after you for payment. That was the reason the lender required a co-signer. You promised to pay if they didn't and you signed the loan.

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Yes. You can pay it off and get a discharge from the lender.Yes. You can pay it off and get a discharge from the lender.Yes. You can pay it off and get a discharge from the lender.Yes. You can pay it off and get a discharge from the lender.

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Even if your name is not on the loan you have to pay for it if: You are next of kin (which you are if you are married) or You are in the Will of the deceased.

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Generally and briefly: You transfer your ownership of your property to a lender in exchange for a loan of money. If you pay off the loan the lender will release its interest in the property. If you don't pay off the loan and stop making payments the lender can take possession of the property and sell it to a new owner in order to get back its initial investment.

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Pay off the loan and then request a lien release from the lender who held the lien on the car.

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The lender will require that you pay off the tax delinquencies with some of the proceeds of the loan if it decides to approve the loan. It cannot acquire clear title to the property if there are property tax liens.The lender will require that you pay off the tax delinquencies with some of the proceeds of the loan if it decides to approve the loan. It cannot acquire clear title to the property if there are property tax liens.The lender will require that you pay off the tax delinquencies with some of the proceeds of the loan if it decides to approve the loan. It cannot acquire clear title to the property if there are property tax liens.The lender will require that you pay off the tax delinquencies with some of the proceeds of the loan if it decides to approve the loan. It cannot acquire clear title to the property if there are property tax liens.

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That is a decision made by the lender. It might be possible depending upon the circumstances. For example, the offer made to pay off the vehicle loan is a larger amount than the lender would receive by making a claim against the estate of the deceased.

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The only way to cancel a loan is to pay it off. The lender owns the loan and you have no control over it at all.

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Pay off the loan and the lender has to furnish a clear title.

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It will depend on the original terms of the loan. But you need a lawyer to advise you regarding your options.

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The lender owns the mortgage and a lender will not generally remove any name from the obligation to pay. The only way for you to get your daughter's name off the debt is to pay the loan off and refinance in your own name.

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Pay what is in arrears and/or pay off the loan. Talk to the lender ... in some circumstances, they may be able to help you refinance the loan (but the interest rate could be higher as you are now an "at risk" borrower).

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If your deceased father had a home equity loan are the heirs now responsible for paying it off IF THEY SELL THE HOME?

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Yes, you are legally bound to pay the difference is what the lender sells the car for and the balance on the loan.

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Pay it off.If you're a cosigner, you can try contacting the lender to see if they'll take your name off the loan; they might be willing to do so under the right circumstances.

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depends on who the lender is and how you pay it off. with most lenders(sub prime) you can get the loan anyway if you pay more down.

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Not sure of your question. Do you mean do you still owe after the car is repossessed? Or do you mean do you have to pay off a loan to buy a repossessed vehicle? It depends on the state you are in, contact the lender.

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The lender loans money to the borrower.The borrower takes the loan out with the lender.The borrower is then in debt (owes money) to the lender and the lender is in credit with the borrower and will want the borrower to pay him/her back.


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