The legal basics are: If a vehicle title uses the word "or" to separate the names the vehicle can be sold or traded by either party. If the names on the title are separated by the work "and" both parties have to agree to any action taken in regards to said vehicle. The person who is listed as the loan borrower is irrelevant unless it becomes a case for litigation in regards to partitioning said property. Any vehicle which is still held by a lender's lien (it will be indicated on the title) cannot be sold, traded or partitioing of parts without the lender being agreeable or the loan being paid in full as agreed. Any person who reports a vehicle as stolen when they have knowledge that there has been no such crime committed is guilty of a criminal felony and will be subject to prosecution and incarceration.
Even if the main borrower has signed the papers, legally you have 3 days from the time you sign the papers to be able to take the vehicle back and say you have changed your mind. So just take it back and say I've changed my mind.
Maybe not now, but there will come a time after you have truly gotten over her that friendship will be possible if you want it.
Lenders are not legally required to take possession of the vehicle nor will they if the vehicle has greatly depreciated. In such cases the lending institution will usually file suit against the borrower for the full amount of the loan plus all applicable fees and legal costs. The borrower has no recourse unless they are sued and then they should be certain to respond to the summons and to use their legal rights to protect personal and real property that is considered exempt from creditor attachment under the laws of the state where they reside. It might prove beneficial for the borrower to speak with an attorney about possible solutions to the problem.
During active play it is possible that no one has possession. In that case, the first player to get to the ball now has possession.
He had possession of the Arkenstone.
Yes. It is possible to add a co-signer (or co-borrower) on a refinance.However, the co-signer should be fully informed that they will be equally responsible for paying the loan if the primary borrower fails to pay and they should also have an ownership interest in the property so they won't end up paying for property they do not own.
it happened to me so its possible
Anything's possible. Is it likely? No. You will definitely need to get a co-borrower on the loan with established credit.
When a vehicle is repossessed by the lender it is sold at a public auction for as near the fair market value as is possible. The amount the vehicle is sold for is deducted from the balance of the loan and the borrower is responsible for the repayment of that amount plus any interest and additional fees. If the borrower is unable to make a payment agreement with the lender, the lender does have the option of suing for the amount owed and legal costs. It isn't possible to give a definite answer on if the lender will or will not sue the borrower for the debt.
Only if you took the necessary steps to make that possible in the case of a default. If you didn't you may need to sue the primary borrower in court. In any case, you are fully responsible for paying the loan.Only if you took the necessary steps to make that possible in the case of a default. If you didn't you may need to sue the primary borrower in court. In any case, you are fully responsible for paying the loan.Only if you took the necessary steps to make that possible in the case of a default. If you didn't you may need to sue the primary borrower in court. In any case, you are fully responsible for paying the loan.Only if you took the necessary steps to make that possible in the case of a default. If you didn't you may need to sue the primary borrower in court. In any case, you are fully responsible for paying the loan.
By definition, a ball "in the air" is a loose ball, and therefore no one has possession. However, depending upon the circumstances, it's possible that only one team has the right to gain possession (for example, a punted ball).
That depends entirely on the lending institution. In most cases the lender will choose to reaffirm the mortgage agreement with the borrower rather than go through the foreclosure process if they are convinced the borrower's financial situation is stable. The best option is for the borrower to contact the lender directly followed up by written correspondence and for the borrower to be completely honest about his or her current financial situation.