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Legally can you get in trouble for putting a car loan and title in your name for someone else?
Wiki User
∙ 13y ago
In essense what you are describing is loaning a car to another person for an indefinate period of time. If the arrangement is that the other person is to make the payments, it is a foolish thing for you to do, dangerous to you financially. But, no, you cannot get into criminal trouble, only trouble of a financial nature.
Wiki User
∙ 13y ago
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If the title to a car is in your name but the name for the car loan is in someone elses name who has legal ownership?
If only your name is on the title and the loan is not listed as a lien on that title then you are the legal owner. If someone else obtained a car loan for you then their name should be on the title to the car with yours. The question of ownership should be addressed if someone was kind enough to borrow money for you to have a car. The car should have full insurance coverage in case of an accident.
Can someone else's credit be used to obtain an equity loan if they are not on the first mortgage or title?
If the person lives in the home and is added to the title, it can be done.
Is there a fee to pay to remove ones name off of title and or loan on a home in florida.?
There is a fee to get someone off your title because you would have to get a new title. As for getting someone off a mortgage, you would need to refinance the loan without that other person on the loan and there are always cost associated with doing that.
If you have a charge off or write off on a car loan and the charge off is over 7 years old who owns the title to the car?
The lien holder owns the vehicle and can legally hold the title until the loan agreement is settled or paid in full.
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.
Can a 16 year old legally own a car without parental consent?
Legally they cannot hold title to a car. Someone else has to be listed on the title.
Can i sell my real property if there is a conveyance title in someone else's name?
You can sell your real property if there is a conveyance title in someone else's name, but the money will not legally be yours. The money will belong to the person who has the title.
How do you sell a car when title is at Volkswagan?
You can't legally sell the car without the title. Why not just go to Volkswagon and get the title. Or can you not do that because VW has a lien on the vehicle. Stop, think, and do not do a very foolish thing, that will bring you nothing but trouble. No title, no sale.
Should you keep title on car if someone is making payments on it to you?
YES! Do not release the title of the vehicle until it is COMPLETELY paid off. Once they hold the title, they can stop paying and there is nothing you can do... legally.
How did Spain score against Holland 1-0 to win the FIFA 2010 World Cup title?
By putting the ball, legally over Hollands goal line.
What is the song title to these lyrics trouble trouble trouble trouble trouble trouble been dogging?
Ray Lamontagne - Trouble
How does Entrepreneurship work?
It's basically a title for someone that takes a new product and takes a chance at putting it into production, and see's how it turns out.
How entrepreneurship work?
It's basically a title for someone that takes a new product and takes a chance at putting it into production, and see's how it turns out.
Can you sell a camper that is titled in someone else's name in new york state?
Unless you have THAT person's Power Of Attorney, no, not legally. The title is legal proof that the vehicle is owned by someone else.
Where can you download impressive title maps?
You can download maps for Impressive Title on the forums. "Impresivetitle.co.uk" Its under downloads Respitory. I know where to download them but i am having trouble actually doing it can someone help me? lol
Where can you sell a car for parts without a title legally?
You can't. Get a duplicate title.
How do you change a salvage title?
You cannot change a salvage title legally. Period.
