If the lease holder has passed away can the person who is using the car continue to use it if he makes the payments?
"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.
If someone died and left a house with a mortgage in a trust can you just keep making the house payments or do you need to notify the mortgage holder and can they demand the note be paid in full?
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…
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.
Can a car be taken away from you if the original owner passed away and your still making the payments?
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…
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.
Will credit card companies go after a cardholder's live-in partner for payment when the cardholder can't make his payments?
If I am driving a car in my mother's name and she passed away and I am the person who has made all the payments how easy is it to transfer the name on the title?
Can the person who used there credit card cancel your car insurance or is that only the policy holder that can do this?
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.
If a property still has money owed on it and the payments are not made, the holder of the note can foreclose. If the owner of the property died, the fact that something is still owed on the property does not change. If no one makes the payments, foreclosure is still an option for the lien holder. If there was no will, a family member or group of them can step up and make a…
The title holder has no job license or insurance as cosigner you are making payments what can you do to get possession of the car?
IF you are NOT on the TITLE, contact the lender, explain the deal and ask them to repo for you, take the buyer OFF the loan and let you take possession. That will NOT get the payments off you but will give you room to work. You are not the first person to have the problem and most lenders will ways to solve it.
Yes, there are several ways to do this you can assume the payments after qualifying with the current note holder on the RV. You can also look to buy with seller financing from an owner that owns the RV outright and has Title to the vehicle. Some owners will use a Payment guarantee company to help service and manage the RV for them.
What happens if you are in a credit counseling program and you cannot continue with payments due to slow job?
What paper work do you do when a person wants to have another person take over payments on her house and transfer the title until its paid for?
You will need to make contact with the mortgage holder (people that loaned money to buy the house) and get their approval. Until the loan is paid off, the mortgage agreement is between the homeowner and the mortgage holder. That agreement cannot be changed without their approval, or a court order (such as bankruptcy) or the death of the borrower. In effect, you would transferring your mortgage to the other person- and that person might…
The person can send the payment to the company with the payment notice. Be sure the account number is on the check, money order, whatever. The credit card co. doesn't care who pays, just as long as they get the money. This does not mean the person will be responsible for the account. The best option is for the person to pay the account holder and they pay by the regular process.
The name of the lien holder for your car should be listed on the title. If the lien holder was not listed on the title, it would be quite easy to sell your car without paying off the lien. A charge off means the person holding the loan considers you to be a deadbeat. It is put on your account when you are more than six months behind on your payments. The charge off does…
Get a hold of the lien holder then get a hold of the owner who has the lien against them. Otherwise you may end up responsible if you desire to keep the vehicle. If everything is valid and the payments are not made the car may be repossessed. Then you will have to take the other person to court. Tedious and not fun.
Quick answer: You can get disability payments for being *disabled*. In the US, if a person has depressive illness or bipolar disorder, and if the illness leaves him unable to work for more than a year, he probably can get disability. The assumption is that the illness will continue to cause the person to be unable to work. If he recovers, of course, the payments stop. In order to get disability benefits, the person needs…
The benefits of having a secondary card holder on a charge account are mostly to the secondary card holder. This person can use the account, but it is the primary person that must pay the bill. Having a secondary person on an account is helpful for providing a credit card in their own names to students and spouses.
In a regular mortgage the person is making payments o the mortgage holder in order to build equity in their home. In the case of a reverse mortgage, the bank is making payments to the person against the equity that is in the home. A reverse mortgage allows you to draw on the equity of your home with out having to sell it. Reverse mortgages were created by the U.S. Department of Housing and Urban…
Yes, but only if you are the cosigner. When you cosign it is usually for these reasons: The person the loan is for is a minor The person has a poor credit rating The person doesn't have collateral When you cosign you are 100% responsible for that debt. All the banking institution is interested in is getting their money, so if the car was repossessed the cosigner has two options ... take over the payments…