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A co-signer does not have rights to the property without having used due process of law to be granted said rights. The distribution of property when it pertains to the dissolution of a marriage is generally at the descretion of the presiding judge when those involved cannot reach an equitable agreement.
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∙ 18y ago
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If you are the cobuyer of a car and also the cosigner and you have made all the payments and are ahead can the other buyer take the car?
Daughter and husband are getting divorce and she is the co-buyer can she take it out of state
When two couples divorce and the ex wife is a cosigner what notification should she receive when his car is repossessed?
you lost your husband and a car too! They don't have to give you any notice. The divorce settlement should have included you being taken off the title with no financial responsibility whatsoever for the car.
Does a cosigner have rights to the car even when its paid off?
No, the cosigner will not have rights to the car after its paid off because the purpose of a cosigner is to pay off the notice if you fail to do so. Being a cosigner does not give them to any rights to the car.
If you are late on your loan payment and are a cosigner on your daughters car can they repposses the car?
If you are late on your loan payment and are a cosigner on your daughters car can they repposses the car?
Can your daughter be on your car insurance if you are not cosigner on her car loan?
Yes: Your spouse/children can be included on your insurance policy regardless of who was/if there was a cosigner on the car.
What are the consequences if a cosigner on a car loan sells the car without the permission of the other cosigner?
Possible fraud charges.
Does the cosigner have to drive the car?
No, the cosigner signs on to the loan. Usually, the primary signer owns the car and drives it. The cosigner is there in case the loan goes into default and needs to be paid for. After they sign on the car does not belong to them, but the person who took out the loan.
When can cosigner attempt to sell car?
A cosigner can attempt to sell the car at anytime. However, in order for them to sell it, they have to have the other signer's signature.
Can a cosigner drive a car if they are on the title?
yes.
If you were the cosigner for your son's car and only your name and your son's name are on the title and registration can his wife take the car during a divorce?
EX can assume the loan with the LENDERS permission ONLY. Son can "give" her the car in divorce but you and he are STILL RESPONSIBLE for the payment of the loan. If she wrecks the car while it is your and sons name, you and he will get sued also. Have the lender repo the car OR YOU assume the loan in your name only and get possession. TALK to the lender about this for better advice. ---- Make sure that it is mentioned in the divorce papers, and who makes the payments if it isn't paid off yet. ----
If cosigner has a car loan already may she cosign for someone and be approved for that person and the cosigner has good credit?
Yes.
What is a sentence using cosigner?
If you need a cosigner for the loan because of bad credit, it means you can't afford the car.
