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The OWNER is listed on the TITLE and/or registration. The buyer actually becomes the owner when all financial obligations are paid in full. For instance... when you are buying a house you are considered to be an owner because you hold the deed. But, there is a Deed of Trust for the property, held by the lender. That gives the lender the right to take the property if the borrower defaults.
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∙ 19y ago
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Does co-owner and secondary owner mean the same thing for the purpose of repossession?
YES, owner/buyer/maker:::co/owner/co/buyer/co/maker....anyone else is 3rd party possession....
When does the buyer legally own the property on which he is closing?
The buyer becomes the legal owner when the deed is delivered. However, the deed must be recorded immediately in order for the new owner to become the record owner.
When you sell a vehicle that you have clear title on and the buyer plans on financing who do you name as the vehicle owner on the title?
The buyer.
Who owns the car the buyer or co-buyer?
Whoever is listed on the Certificate of Title is the owner of the car.Whoever is listed on the Certificate of Title is the owner of the car.Whoever is listed on the Certificate of Title is the owner of the car.Whoever is listed on the Certificate of Title is the owner of the car.
Does the seller of a home have to notify the buyer if offer was denied?
Only if the owner is acting as the agent, otherwise the agent can notify the buyer.
How do you owner finance an automobile?
Transfer an existing loan if buyer qualifies.
How can one view houses for sale advertised by the owner of the house?
A person can view houses for sale advertised by the owner of the house in several ways. One way is through a buyer's real estate agent who would contact the owner or another way is for a buyer to contact the owner at the number provided in the advertisement.
When speaking about a homeowner should you capitalize the word owner?
No. Sometimes legal documents will do this, (Buyer, Seller, Owner) but in general it's not necessary.
What is your liability as a co-buyer if there is an accident and the car was not being driven by either buyer but a third person?
if the third party had permission (or implied permission) to drive (from an owner or agent of the owner) and the policy doesn't exclude them.......the owners and the driver will be held liable.....
Can estate take car away from buyer if co-buyer dies?
No. Not if both names were on the Certificate of Title. The surviving co-owner would own the car.
Can the buyer of a car legally repossess the car from the co buyer if the co buyer has made all payments?
If they are a co owner on the reg, they have as much right to it as you-essentially, neither one of you can keep the other from using it paid for or not.
Is a bond for title the same as quit claim deed?
Absolutely not. A quitclaim deed transfers the owner's interest in real property to a new owner.A bond for title is a contract by which the owner agrees to transfer the property to the buyer after the buyer makes all required regular payments over a certain period of time. During that time the owner retains title to the property and the buyer has little legal protection for the funds they have paid over. The land contract is a way for the seller to avoid transferring the property and taking back a mortgage.Absolutely not. A quitclaim deed transfers the owner's interest in real property to a new owner.A bond for title is a contract by which the owner agrees to transfer the property to the buyer after the buyer makes all required regular payments over a certain period of time. During that time the owner retains title to the property and the buyer has little legal protection for the funds they have paid over. The land contract is a way for the seller to avoid transferring the property and taking back a mortgage.Absolutely not. A quitclaim deed transfers the owner's interest in real property to a new owner.A bond for title is a contract by which the owner agrees to transfer the property to the buyer after the buyer makes all required regular payments over a certain period of time. During that time the owner retains title to the property and the buyer has little legal protection for the funds they have paid over. The land contract is a way for the seller to avoid transferring the property and taking back a mortgage.Absolutely not. A quitclaim deed transfers the owner's interest in real property to a new owner.A bond for title is a contract by which the owner agrees to transfer the property to the buyer after the buyer makes all required regular payments over a certain period of time. During that time the owner retains title to the property and the buyer has little legal protection for the funds they have paid over. The land contract is a way for the seller to avoid transferring the property and taking back a mortgage.
