0
Should both names be on the property title if you co sign a loan?
Wiki User
∙ 12y ago
If you co-sign and your name is not on the title to the property then you may become responsible for paying for property you do not own. When you co-sign you are agreeing to pay off the loan if the primary borrower fails to pay.
If you co-sign and your name is not on the title to the property then you may become responsible for paying for property you do not own. When you co-sign you are agreeing to pay off the loan if the primary borrower fails to pay.
If you co-sign and your name is not on the title to the property then you may become responsible for paying for property you do not own. When you co-sign you are agreeing to pay off the loan if the primary borrower fails to pay.
If you co-sign and your name is not on the title to the property then you may become responsible for paying for property you do not own. When you co-sign you are agreeing to pay off the loan if the primary borrower fails to pay.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoIf you co-sign and your name is not on the title to the property then you may become responsible for paying for property you do not own. When you co-sign you are agreeing to pay off the loan if the primary borrower fails to pay.
Add your answer:
Earn +20 pts
Is it better to title a car in both names or in one for married couples if the loan is in both names?
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".
Can you get a auto loan but put the car in someone else name?
You can cosign but both names will be on title.
If the title says both names and one person got a title loan can the car be taken if you did not sign the form?
No. The state has you both on the car so you both have equal rights to it regardless of who signed it. Depends on how it is titled. If it is Joe AND Mary, they must both sign and the title loan company would not have given a loan without both signatures. If it is Joe OR Mary, either of them may sell (or lose) the car without the other's signature A contributing factor will also be if the vehicle is titled to a married couple and said couple live in a community property state.
If you co-signed for your daughter for a car loan and both of your names are on the title can you take it and put it only in your name if she is filing bankruptcy?
Yes. Do the paperwork with the bank and file it with the state to get the title changed.
Who pays the title opinion in real estate?
The title opinion is a written statement confirming the ownership rights of the property. Both the buyer and the buyers lender need to know that the seller is in a position to convey the property. Since the attorney prepares the title opinion on the buyers behalf it's the buyer who pays for it. (This would be considered a closing cost on the buyer's side).
Are cars marital property in Delaware?
It is if you share the title of the car if it has both names on it yes it is marital property and the title only has your name no its not
How do you gain co-ownership of a car?
Both names should be on the title.
Is it better to title a car in both names or in one for married couples if the loan is in both names?
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".
How can a property in the UK be sold if both names on the deeds do not agree?
You might look for an inheritance from a deceased owner or a title acquired by court decree. However, if those outside sources are not forthcoming then the deed should be questioned. All the owners of a property must convey their interest for the conveyance to transfer clear title to the property.
If a title has two names and one dies who owns the car?
The title would revert to the survivor; this person should probably take a death certificate and the old title with both names to the BMV and get a new title issued with just his/her name on it.
Do I need a new deed for a farm my Father left to my Brother and me?
If your father's estate was properly probated and the property was devised to you and your brother in Dad's will then the probate process vested title to the farm in you both. A deed is not necessary. You already have legal title. However, if you would like to have record title in your names you should have an attorney draft a straw deed to a third person who will immediately convey the property back to you and your brother by a new deed. When those deeds are recorded in the land records (in the right order) then record title will be in your names.
What is the normal protocol in regards to the names on the title when a homeowner refinances?
Refinancing is simply obtaining a new loan, and should not change the names on the title. If someone is trying to take your name off the title during refinancing, they are trying to cheat you out of your share in the home. Refinancing has no effect on the title of a real property. The changing of title to real property is controlled by the laws of the state in which the property is located. It is extremely important to discuss the way property is to be held before the title is issued to avoid future legal complications. Tenancy-in-Common, Joint Tenancy, Joint Tenancy With Rights of Survivorship or Tenancy-By-The-Entirety (for married couples only). Refinancing can be used to change the names on both the mortgage and the title. That said, there are scams out there where the person who originally owned the house is told they can't be on the mortgage loan and so can't be on the title. THAT IS NOT SO. Look for another lender and question the morality of the person who wants to do this "for" you. In the case of a divorce or other split, one person can sign a quitclaim and a warranty deed and then the names on the title can be changed. == ==
Does buyer and cosigners names both appear on title?
no
Who is the owner on a car title when there are two names?
both
What can be done after a divorce where property is in both names and one has abandoned said property?
The property should have been addressed in the divorce proceeding. The remaining owner needs to bring an action to court requesting that the court confirm title in the petitioner. You need to consult with an attorney who specializes in real estate law in your area who can review your situation and explain your options.
Can your spouse sign your truck title over to a person she owes if both names are on it?
You should check with your local DMV to be sure, but I think if both names are listed, then it requires both signagures for the transfer to be legal. Otherwise, the transfer is invalid.
Will your insurance company pay if 2 names are on the title?
Yes, Your insurance will still pay. However any payment for property losses will be made out to both owners requiring that both sign the check before cashing.
