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

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Q: How do you pay off a loan to a deceased lender?
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Can you pay off your auto loan to the lender?

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.


Who would pay the loan if the borrower dies and there is no co signer?

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.


How can I sell a car that has a lien on it?

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.


What is responsibility as an heir to deceased's loan?

There is no responsibility. The loan is the responsibility of the estate. They are required to pay off the loans if possible.


How does real estate foreclosure work?

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.


How do you cancel a Loan. I want to cancel my loan of 400. How can I do that?

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.


If person dies can you settle car loan debt for a less amount after owner dies?

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.


Responsibility to pay deceased spouse's equity loan?

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.


How to qualify fir a loan with a property tax lien ny state?

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.


How do you take a name off car loan when the other signer is in prison?

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.


Your private lender refuses to let you pay off your loan?

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


How can I have my daughter's name removed from a mortgage?

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.