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

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โˆ™ 2006-06-29 15:54:06
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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 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.


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.


How can i get a lien off a car?

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


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 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.


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.


Can you discharge your 2nd mortgage?

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.


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.


What is the procedure for getting a release of lien on an automobile?

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


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.


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.


Will it help your credit if your mom co-signs for you on a car loan after filing for bankruptcy?

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.


How do you remove a co signer from a home loan?

You must pay off the loan.You must pay off the loan.You must pay off the loan.You must pay off the loan.


What if your dad had a home equity loan are the heirs now responsible to pay that off?

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


Do you still have to pay the difference in the Loan?

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


Do you have to pay the difference on a repossession car loan?

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.


Does a co-signer help with your credit?

No. A co-signer helps you borrow money and helps the lender by promising to pay your loan if you default.No. A co-signer helps you borrow money and helps the lender by promising to pay your loan if you default.No. A co-signer helps you borrow money and helps the lender by promising to pay your loan if you default.No. A co-signer helps you borrow money and helps the lender by promising to pay your loan if you default.


How to Settle defaulted car loan?

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).


Does a co-signer have to have permission from the Primary Account Holder to be taken off of a car loan?

A co-signer of a car loan needs the permission of the lender to be taken off the loan. That is not likely to happen since the lender wants as many sources as possible for repayment of the loan. Each co-signer is responsible for 100% of the loan. If one doesn't pay the other will be held responsible.


If you are late on your car loan by two or three payments but you got a letter saying you are in breech of your loan will you still lose your car and if you pay it up to date?

You can pay off the note but if the lender has declared the note in default that means that you have to pay it off now or the car will be repossessed and sold to cover expenses. Most notes have a description of what constitutes default. Late payments can result in just what you're describing. Your only choices are to pay it off (you might need to get another loan) or sell it yourself or turn it back to the lender.


Can you just have an ID to be a co signer of a car loan?

You will need an ID and the lender will do a credit check. When you co-sign a loan you are promising to pay the loan if the primary borrower defaults. The lender will want to know that you can afford the payments and the loan will be considered your own loan. See related question link.You will need an ID and the lender will do a credit check. When you co-sign a loan you are promising to pay the loan if the primary borrower defaults. The lender will want to know that you can afford the payments and the loan will be considered your own loan. See related question link.You will need an ID and the lender will do a credit check. When you co-sign a loan you are promising to pay the loan if the primary borrower defaults. The lender will want to know that you can afford the payments and the loan will be considered your own loan. See related question link.You will need an ID and the lender will do a credit check. When you co-sign a loan you are promising to pay the loan if the primary borrower defaults. The lender will want to know that you can afford the payments and the loan will be considered your own loan. See related question link.