answersLogoWhite

0


Best Answer

If only your name is on the title and the loan is not listed as a lien on that title then you are the legal owner. If someone else obtained a car loan for you then their name should be on the title to the car with yours. The question of ownership should be addressed if someone was kind enough to borrow money for you to have a car. The car should have full insurance coverage in case of an accident.

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: If the title to a car is in your name but the name for the car loan is in someone elses name who has legal ownership?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

How much is it to change your car title into someone elses name in san antonio?

how much is it to change car titile name


Where is your house title?

Title is a legal term for a bundle of rights in a piece of property in which a party may own either a legal interest or an equitable interest.[1] The rights in the bundle may be separated and held by different parties. It may also refer to a formal document that serves as evidence of ownership. Conveyance of the document may be required in order to transfer ownership in the property to another person


Is ownership of personal property conveyed by a bill of sale or deed?

Ownership of personal property is conveyed by a deed. A bill of sale is merely a transaction written on paper. The person who has ownership is the person listed on a deed or title. In the absence of a title, such as in furniture, a bill of sale is proof of ownership. It just depends on the type of property, and whether the property is required by law to have a title.


Need title insurance?

Yesm, as a buyer of property (even with a warranty deed), you should require the seller to obtain title insurance to back up its claim of ownership. Otherwise, when you receive their worthless ownership in the form of a deed, without title insurance, you might never recover the cost of the property, when it happens to belong to someone else you never heard of. Similarly, as a buyer, you will want title insurance for your own peace of mind; knowing that you won't have to pay to quiet title, or sue the sellers on the warranty, in the event there is ever a dispute. As a lender, you must insist on title insurance, to protect the value of your security interest against seizure by someone with a better claim than your borrower.


What do you do if a cosigner refuses to sign the title over after you have paid off the loan?

Contact a local attorney. Cosigning does not give him any rights to the title, but if he is listed on the title as a CO-OWNER, then who made the payments has no bearing on his right of possession. He has no legal obligation to give up his share in the vehicle unless you have some other document in which he has agreed to relinquish ownership in exchange for something of value.

Related questions

How can you obtain ownership of an abandoned car if you have the title it's just in someone elses name?

== == You need to contact the DMV in your state for the correct way to do this.


If you buy the car can it be registered in someone elses name?

No. Whoever's name is on the title is going to be on the registration and insurance also. You can pay for the car and title it in somebody elses name, but at that point you've given them a free car, because you have no legal rights to the vehicle at all.


Can you register a vehicle if the loan is in someone elses name?

If your name is on the title


Can you get register for a tag if the title is in someone elses name?

Not unless that other person is there with you.


What does title research mean?

In this context, the word title means legal ownership, and title research is the investigation of legal records to discover who is the legal owner of some specific property.


Signature was forged on an auto title?

If someone signs someone elses name on the title that means the title is forged. For example if i sign your name one the title that means its forged. So i advise if someone forges a name on the title call DMV and ask how to apply for a Duplicate Title, the Duplicate title will state that your the original owner of the Vehicle and since the original title has a forged signature on it means its NULL AND VOID, so its good for the garbage So go and get the Duplicate title, that's proof of ownership


What is legal title to property called?

Ownership of real property is evidenced by a deed.


When using a line from a song as a title do you put quotations around it?

yes if it is from someone elses work


Who holds Lord of Kinterbury title?

The title is held by Martyn Paul Waddington Spencer Link with full legal ownership and all legal hereditary rights.


What are the Exceptions to nemo dat quod non habet?

No one (can) give what he does not have is a legal rules, sometimes called the nemo datrule that states that the purchase of a possession from someone who has no ownership right to it also denies the purchaser any ownership title.


Can you buy a car and put the title in someone elses name?

NO!!! I think that's illegal unless you have that person with you.


What do you need to put insurance on someone elses car?

Registration, license plate number and title right?