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Is it better to title a car in both names or in one for married couples if the loan is in both names?
Wiki User
∙ 17y ago
It dekpends upon the laws of the state in which the married couple reside. In community property states all property acquired during marriage is considered jointly owned regardless of whether both or only one spouse's name is on the title or deed. If both spouse's are on the lending agreement it would be prudent for both to be listed on the title preferably with their names separated by "and" rather than "or".
Wiki User
∙ 17y ago
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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
If you are married must a mortgage use both partners' credit or can it be in only one person's name?
My wife and l bought a condo and it is in both our names but the loan is only in my name We just bought a house but the mortgage loan is only on my name. The title and deed is is both our names.
Can you change the names on a mortgage loan?
Not without refinancing the existing loan and changing the names on the title to the property..
Can 2 names be on a home title. if one persons name is on a loan?
Yep.
If two people buy a house then one person refinances in only their name is the other still on the title or do they no longer have rights to the home?
In order to refinance even in one persons name, anyone else who is on title must be present at closing. You can't legally refinance a home unless all people on title are present at closing. In any case names on a loan do not directly reflect names on title, you can have one person on a loan and 5 people on title.
Should married couples title cars in both names?
If one of you are sued & lose, the plaintiff cannot seize one half of a car.
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