0
Mother purchased a car and was making payments she died and still owes on it. what happens to the car?
Wiki User
∙ 12y ago
The estate needs to pay off the car. If the executor agrees, someone in the family could come up with the cash to pay it off, and their portion would include the value of the car minus the money they added to pay it off.
I do not know if you could allow it to be repossessed to end the debt.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What happens if you loose your job after you buy a car?
You figure out a way to continue making the payments.
What happens if cosigner stops making payments?
The other signer must make the payments or the loan will go into default, the property will be taken and your credit will be ruined.
I'm making the payments on the car but the loan is in my mother's name can she legally take it from me with no recourse?
absolutely, the car is hers because her name is on the ownership.
What happens to my credit score after a loan modification?
My credit score is 606 at the moment,i just have my loan mod done and final. I'm making my payments ahead of time,How much my credit score can go up within a year of making payments on time. Thank you for your answer.
In a repossession do you have to pay off the entire car right then or just keep making your loan payments monthly for the duration of the loan?
It would depend on the contract you signed when you purchased the car.
Can daughter continue to pay mother's mortgage after notifying the mortgage company?
I assume you notified the mortgage company that the daughter is making the monthly mortgage payments on behalf of the mother. If that is the case, the daughter really isn't benefitting from making these payments from the credit agencies, proving mortgage history, and establishing credit on her own. Essentially, the mother would have to refinance the loan to get the daughter on the mortgage with her in order for the daughter to benefit. Even a quit claim deed would only add the daughter to the title, and the mother would ultimately be responsible for the monthly mortgage payments. I hope this information helps. Regards, Total Mortgage Services
What happens when you are paying and they say it is not enough?
Grab all yu can and get the heck outta there what can happen when you are making monthly payments on a debt,debtor says its not enough?
Is it illegal to sell a car when your still making payments on finance?
No its perfectly legal and if you are still making payments on it, that increases values.
Can your car be repossessed if it was in an accident and nearly totaled?
If you weren't making your payments yes. It would only be repossessed if you weren't making your payments.
What happens in Florida if you quit making credit card payments?
after 180 days of non payment your account will be charged off and turned over to collection agency
Are orchard bank online payments legal?
Yes, Orchard Bank online payments are legal payments. Making online payments is faster, easier, and often more secure for both the person making the payment and the bank itself.
What happens to the mother's milk when puppies leave?
When the puppies start eating solid food, they suckle less and the mother's milk will dry up.
