You need written consent. Shouldn't be too hard to get, since you will be assuming the entire loan yourself. Getting the spouse off the title is a bit more complicated.
You will have to refinance your loan in order to get his name off. The loan now has both of your names on it because you both appied at the same time. This mortgage has to be paid off in order to remove the ex-spouse. That means you will have to apply for a new mortgage in your name only.
Write a letter along with proof that he was ordered to take the debt to the agency in which you had the loan.
You need to pay that loan off and refinance if necessary.You need to pay that loan off and refinance if necessary.You need to pay that loan off and refinance if necessary.You need to pay that loan off and refinance if necessary.
You can check with a lawyer, but I will guess probably not. Because you co-signed for the loan, you were legally obligated to pay it off if your ex-boyfriend could not or did not. Therefore, you assumed the risk of having to pay the loan and because of that probably cannot sue your ex-boyfriend for leaving you on the hook for it.
You would need to refinance your mortgage loan to remove the ex.
You will have to refinance your loan in order to get his name off. The loan now has both of your names on it because you both appied at the same time. This mortgage has to be paid off in order to remove the ex-spouse. That means you will have to apply for a new mortgage in your name only.
If you have a divorce decree stating that the car belongs to you, and not your ex, then you should be able to get it taken care of at the department of motor vehicles. If it is not on your divorce decree then you will have to have it amended.
Call a lawyer. ASAP
In that case you would be responsible for paying the loan on property that you do not own. When you signed the quitclaim deed you should have required that the ex-spouse refinance the mortgage in order to take your name off as co-mortgagor. Your attorney should have addressed that issue at the time of the divorce.In that case you would be responsible for paying the loan on property that you do not own. When you signed the quitclaim deed you should have required that the ex-spouse refinance the mortgage in order to take your name off as co-mortgagor. Your attorney should have addressed that issue at the time of the divorce.In that case you would be responsible for paying the loan on property that you do not own. When you signed the quitclaim deed you should have required that the ex-spouse refinance the mortgage in order to take your name off as co-mortgagor. Your attorney should have addressed that issue at the time of the divorce.In that case you would be responsible for paying the loan on property that you do not own. When you signed the quitclaim deed you should have required that the ex-spouse refinance the mortgage in order to take your name off as co-mortgagor. Your attorney should have addressed that issue at the time of the divorce.
no
If ex is not on the home loan, it is not affected. If the ex is still on the loan and the payments are being made by you and are up to date, it is probably not affected, though the lender may want you to refinance in your own name, or the ex to re-affirm the home loan. If the ex was making the payments and is surrendering his interest in the home, it will depend on the divorce order/agreement and state law.
I have the same question. I'm debating whether to pay off my loan to prevent this from happening or invest the money elsewhere.
Write a letter along with proof that he was ordered to take the debt to the agency in which you had the loan.
You need to pay that loan off and refinance if necessary.You need to pay that loan off and refinance if necessary.You need to pay that loan off and refinance if necessary.You need to pay that loan off and refinance if necessary.
YES, IF YOU ARE ON THE CONTRACT. but that also means you have rights to the car as well as the ex spouse....if he lets the car get repossessed it will also effect your credit.... we have live consultants that can help you with this specific situation ...so try our website www.stoptheREPOman.com DO NOT LET YOUR CREDIT BE RUINED OVER AN EX!
only if the person can get financed on the vehicle without you otherwise your stuck until payoff if repoed you are responsible had to pay off my ex-wifes car after divorce
You can check with a lawyer, but I will guess probably not. Because you co-signed for the loan, you were legally obligated to pay it off if your ex-boyfriend could not or did not. Therefore, you assumed the risk of having to pay the loan and because of that probably cannot sue your ex-boyfriend for leaving you on the hook for it.