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What happens to a car loan for a recently deceased person who does not have a co-signer a Will or any other estate?


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2014-10-03 19:54:01
2014-10-03 19:54:01

The next of kin should notify the lender immediately for instructions. It holds the title to the vehicle. The lender may be willing to make arrangements for an heir to take over the payments or it may take possession if no heir comes forward. It depends on the details of the particular situation.

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Consult with an attorney who can review your situation and explain your options, if any.

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The spouse is not responsible and should not have this on her credit. But the estate of the deceased will still be responsible for the debt.

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In some states the money will go the estate of the deceased winner.

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The estate is responsible for the maintenance of the property. The administrator or executor of the estate can submit a claim on behalf of the estate.


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