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Whomever signed the contract is responsible for the balance.

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โˆ™ 2015-07-15 19:48:08
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Q: If your car was repossessed during your separation but it was bought while you were married are you both responsible for the debt?
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If your wife bought a car before your marriage and now it is repossessed are you liable?

If it isn't in your name it shouldn't be.


Where can repossessed cars be bought?

Repossessed cars may be purchased from many car dealerships some specialize in repossessed vehicles and others may have the occasional defaulted payment. Another great place to find repossessed cars is with a financial institution, there are many people struggling, taking credit, the car is often the first thing repossessed when the loan is called in.


Why does a car get repossessed?

The person who bought the car didn't make payments so the bank takes it back.


If spouse incarcerated and you want a divorce you were buying a house but the loan is not in your name but your name is on the title are you responsible for the house?

yes you are responsible for the payments because you are married it is a marital asset being bought after you were married so in a legal sense its in both your names regardless of the way its titled


Can your wife claim for property bought after your separation?

She probably can especially if she proves that you bought it as a result of wealth accumulated during your union.


You owe money on a repossessed car but the car was refinanced to someone else do you still owe?

I believe you would owe the difference. If you owed 10,000 on the vehicle and it was repossessed and someone else bought it for 8,000 you would owe 2,000.


You bought a car that has a leinholder?

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.


If you were married to a man before he bought a home and promised he would add your name to the document but didn't what becomes of you in case of separation or divorce?

for that it will be very cheap to take divorce u ask once again him to add ur name


Can you sell your car if it is being repossessed?

Depends on the specific laws of where you live. In general, if the car you bought is being repossessed because you cannot pay for it any more, consider selling it to someone who can. You basically sell the car at a really low price, practically just below the amount the you already spent on it. The person who bought the car from you, then would have to continue paying for the remaining balance to the dealer from where you bought the car. This way, you're credit won't go bad.


What are your rights when it comes to a car that just has a payment for half of the remainder owed and the private party it was being bought from has repossessed it for personal reason?

If the repossession occurred in a state that does not permit self-help repossession, report the car stolen; it cannot be legally repossessed. Louisiana and Wisconsin are two of these states. If you can show legal possession of the vehicle, and on time payment, report the car stolen. It cannot be legally repossessed in any state unless the debt is delinquent. If you do not wish to involve LEO's immediately, contact the private party who "repossessed" the vehicle and explain that if it is not returned within a reasonable amount of time, that you will report the vehicle stolen and give his name as the party responsible. There is no legal "personal reason" for repossessing a vehicle.


Can your car be repossessed if you bought it from a dealership but never received a contract?

I really cant answer that, but in my opinion it would be smart to go back and see if you can get some kkind of proof of ownership


Can you take modifications off a car that will be repossessed?

you can take off all the modifications off as long as the car is the same when you bought in running conditions and looks as descent as possibble

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