The estate is responsible for settling the debts and accounts of the individual. It may be to the best interest of the estate to sell the vehicle and pay off the loan, or even allow the loan holder to reposses the vehicle. The executor of the estate will have to document and receive court permission regardless of what is done.
The owner of the car (person(s)) who took the loan on the car are responsible
Typically for the duration of the loan.
ABSOLUTELY NOT
The stepson should be the one responsible for the car loan. If your husband cosigned on the car loan, then you need to contact an attorney on this one.
Yes
Nobody is responsible for the loan if there was on cosigner. If the car was inherited by someone, then that person has a right to pay the debt owed and take possession of the title.
no
no
No, the only person responsible for the debt is the people who were on the loan.
No. The co-signer will be responsible for paying the loan until it is paid off.No. The co-signer will be responsible for paying the loan until it is paid off.No. The co-signer will be responsible for paying the loan until it is paid off.No. The co-signer will be responsible for paying the loan until it is paid off.
What is your agreement with him? Legally he is responsible for the loan. As to the car, which is in your name, you obviously are the owner. You are responsible for all maintenance on the car.Technically that is illegal to begin with. The motor vehicle division in your state is supposed to have the same owner name on the title as the name the loan (or lien) is filed under. Is there actually a lien filed on the vehicle? If so and motor vehicles finds this discrepancy, there could be big problems. In a situation like this, then as for who is responsible - well that depends on what you mean by "who is responsible" for the car. The person on the loan is responsible for the loan payments. As for other aspects of who is responsible - you would have to be a little more specific.
The car goes back regardless. If BOTH of the two people are on the loan, then BOTH are responsible. But if only one is on the loan then ONLY that person is reponsible.