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What is the process to dispose of an unpaid vehicle if spouse dies?
Wiki User
∙ 12y ago
If you still have a loan on the vehicle simply call the bank it is held through and tell them your spouse has died and you can no longer afford the car (they will most likely require proof that your spouse has passed, don't be offended by this at all as they are not doubting you they are just making sure they are not getting ripped off), they will make arrangements in most cases to repossess the vehicle if you are unable to make the monthly payments, but be warned if your name is on the loan as well you could be held liable for the owed debt, if that situation occurs you can always try to find someone to buy the car outright, thereby paying off the loan but you will have to do the sales transaction through the bank as the car is not yours.
If your name is on the loan DO NOT pay the car off if it is not needed or wanted for your personal use as often times the residual loan amount is larger than the actual street value of the car, meaning if you paid it off and re-sold it you will most likely lose a very large amount of money. you should also call a lawyer to help you with the process, spending $200-$300 for a few few hours of their time is well worth not having to pay the entire vehicle off to the bank.
Wiki User
∙ 12y ago
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In the death of a spouse who is resonsible for unpaid medical bills after the insurance has been paid?
The remaining spouse or executor of the deceased's will.
If one spouse has an unpaid tax lien on their credit can the home loan be put in the name of the other spouse with no problems?
No!!
How do you file a mechanic's lien for unpaid auto repairs in SC?
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Can you repo a car in the state of Texas for unpaid vehicle repairs?
You can take possession of it for an unpaid mechanic's lien, yes.
Can a divorced spouse legally collect unpaid medical expenses after 1 year?
Your question is too vague to answer.
Is a spouse responsible for unpaid income taxes?
Usually both parties are responsible for tax debts during the marriage. A spouse might not be responsible for taxes owed before the marriage.
Board members rite to tow a vehicle for unpaid maintenance?
Read your governing documents to determine the board's power to tow a vehicle.
What if you don't have the vehicle they want to repossess?
You have to provide proof that you don't have a vehicle or just give them the one you have.Another View: While you may be the "possesor" of the motor vehicle, if it has a lien against it you do not "own" in fact. Since you do not own it, you cannot dispose of it without the true owners (the creditor) permission. You are held responsible for having possession of the vehicle and knowledge of its whereabouts or the creditor has the option of filing a civil suit against you equal to the value of the unpaid loan, OR - reporting to law enforcement that have stolen the vehicle from its lawful owner and converted it to your own use.
What is your obligation to debt of your current spouse?
our house is under my husband's name and it is about to be foreclosed. will lender come after me later for any unpaid debt?
What are your rights as a consumer in the US as related to repossessions?
* You have the right to possess any vehicle you do make payments on or have paid for. * You have the right to retain possession of said vehicle provided you continue to make contracted payments toward the unpaid balance of the principle. * You have the right to have your vehicle repossessed if you fall delinquent on your vehicle payments to the contracted lender. * If your vehicle is repossessed, you have the right to recover any actual private property that was in the vehicle at the time of repossession. * You have the right to pay fees for recovering your property that was in the vehicle at the time of repossession. * You have the right to pay all unpaid balances and fees accrued as a result of the repossession process. That's about sums it up. I confess I did substitute "right" for "responsibility" in several places.
Is a spouse responsible for her deceased husband's medical bills in Fl?
My husband just died about 6 months ago and no, i am not responsible for his medical bills....I have spoken with my Lawyer and he informed me in fl i do not have to cover ANY unpaid debt of a spouse
Can a spouse get paid if they need to take work off to care for injured person who is rec'ing workers comp?
The spouse can only be paid if they have vacation or other paid time off granted by their employer. Otherwise, the spouse is only entitled to 12 unpaid weeks of time off under the FMLA.
