"Can the Lease Holder Take the Auto from my possession or is that against the law if the payments are made regardless?"
Yes, the leaseholder can (and should) re-take possession of the vehicle. The person who leased the car is dead. The lease agreement, too, is dead, save for the clause that requires his estate (which exisits despite your saying it doesn't) to return it.
Just take the car back to the leasing company and ask for the highest-level person in the office. Ask him/her if you can sit down with him/her and explain the situation. Ask him/her if you can take over the lease. Strengthen your case by getting a letter from the administrator or executor of your boss's estate recommending that the leasing company allow you to take over the lease. Expect the leasing company to completely re-write the paper... including a credit check on you, etc.
However, it's possible (highly unlikely, but technically possible) that the lease manager will just cross your boss's name off the paper and write your name in its place because of your history with both your boss and as the person who has been driving the car. Of course, even if he did that, he'd need your signature on the lease in place of your boss's. Sadly, this seemingly simple solution has so many potential liability pitfalls that it's far more likely that the lease manager will need to re-write the entire deal.
You would continue making payments to the estate. Eventually, they will give you instructions on what must be done as far as finding another mortgage company or person to get a loan from.
Yes, a person can sell a car and remain a lien holder until all the payments are made. This is done once in awhile and works well if you don't have to repossess your car.
Disability payments are Social Security Payments. When a person reaches full retirement age (66), the payments continue as normal, but are no longer considered disability payments. A person does not receive two payments.
You can if you listed yourself as the lien holder of the car at the time you transferred the title to the person making payments. If you did not do this at the time you transferred them the title, you can not legally do anything.
A person can be the lien holder for anythimg
No, once the person who was awarded the disabilty dies, the payments to that person end. The sopuse would then have to file seperately to see if they qualify by themselves.
Only if they are a joint title holder of the vehicle.
You didn't say if the person who left the house was a parent or a friend. If it's parents you must provide a copy of the death certificate to the mortgage holder. Usually, the mortgage holder would have no problem with you continuing on with the payments. Depending on where you stand in the Will you may have to take a loan out to either pay the full mortgage the mortgage holder is holding, and then make your mortgage payments to your own banking institution. It's best to go straight to the mortgage holder and ask these questions so there are no mistakes made. Good luck Marcy
The first thing you should do is contact the lien holder, which would be the person or company that you are making payments to, and advise them of your situation and what plans you have, if any, to make payments. Some financial institutions may permit you to make interest only payments for a limited time until you are re employed.
payments to x-spouse from retirement after x-spouse has remarried is this legal in Washington state
It has been common knowledge for years that the hair of a dead person will continue to grow for some time after death. So this dream suggests that the influence of this person will continue to "touch" your life even though they have passed away.
The person can be called Policy Holder,Insured, Life Assured as the case may be.
Arrears would continue to accumulate and regular payments plus arrears would resume once released from jail.
You would have to talk with the executor of the estate. If you can prove the payments were made by you, you should be able to work it out, but the probate court will have to okay the transfer.
Of course not. The car has not been stolen. But guess who is going to have to make the payments if the primary lender does not. You the cosigner, that's who. I would suggest you talk to the person you cosigned the loan for. If I were going to have to make the payments I would for sure try to gain possession of the vehicle. This is the very reason cosigning is a bad idea.
Only if the person were a joint account holder. The account holder is the only person responsible for the debt (exception for married couples in community property states). However, if the parties own joint property, it is possible for a lien to be placed against the debtors share of that property.
a stock holder is a person who owns something while the share holder owns 5% of something. example: a stock holder owns a company while the share holder owns 5% of the company.
Since copyright does not expire upon the death of the holder, the copyright will pass to the holder's heir. This copyright can be sold or passed to other people as appropriate, but will expire 70 years after the death of the original holder, unless special measures are requested and granted to further protect them from becoming public domain.
Maybe. It depends on the loaner. The car probably won't be repossessed strictly due to the fact the person who signed for the car passed away. If the payments are still being made, regardless of who is paying them, they aren't going to take the car. But, if you're paying for it, and the car becomes paid off, it will be in the deceased persons name, not yours. So the car won't belong to you, unless your name is on the title, or if you inherit it, either through default, or through the persons will. In this case you would have to contact the lien holder of the car and explain the situation (The lien holder is the true owner of the car). After that it's really up to them whether they want to negotiate a contract with the person paying for the vehicle, and that would depend on one or more things. Like your connection to the person, your credit, what it says on the actual signed document when the car was purchased, etc... You might want to check the persons will also, if they have one. If the deceased person intended to pay the car off before their unexpected death, and they want to give the car to someone else after the car is legally theirs, it won't matter if you have been making the payments, the car will go to whoever the person entrusted the car too. So you could be out of a lot of money if you're the one making payments on the car. Also, if the lien holder does decide to take the car, the odds of you getting the money you paid back are slim to none.
If you only pay the minimum payments you don't make a huge impact on the principle balance, if at all. This means that you will continue to owe money since most of the payments are going towards interest and not paying down your balance.
The lien holder is the person or firm, you borrowed the money from to purchase the car.
The person who is the policyholder is the only one who can request a cancellation of the policy. If however, payments are being made monthly or quarterly to a credit card they can stop the payments and the policy will cancel for non-payment. You will receive a notice of cancellation and have the opportunity to change to a different form of payment to keep the policy in force.