0
Who is resposible for the loan if the title is in the deceased name only?
Wiki User
∙ 15y ago
The estate is responsible for the loan. If it is not paid the bank will take the property.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
Can I get my name off the title and loan of my ex-son in law's van if he still has a loan on the van?
The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.
Responsibility to pay deceased spouse's equity loan?
Even if your name is not on the loan you have to pay for it if: You are next of kin (which you are if you are married) or You are in the Will of the deceased.
If you get a loan in your name can the car be titled in another name?
No. I recently took a car loan for my son because his credit is bad. The loan is in my name, the title is in his name only. He is listed on the loan as the 'holder of colateral'.
Would your credit score be affected if you have your name in title but not in the loan?
Your credit score is only affected if (1) your name is on the loan and (2) you are a primary borrower. However, if there is a loan that is used to secure a title (to either a boat or car), until the loan is paid off, the lender's name is on the title, not yours (unless, of course, you are lending the money that bought the vehicle).
If the title to a car is in your name but the name for the car loan is in someone elses name who has legal ownership?
If only your name is on the title and the loan is not listed as a lien on that title then you are the legal owner. If someone else obtained a car loan for you then their name should be on the title to the car with yours. The question of ownership should be addressed if someone was kind enough to borrow money for you to have a car. The car should have full insurance coverage in case of an accident.
Can you keep a car that your name is not on loan but was given to you by the deceased?
You need to have the title transferred to your own name and notify the loan company of the change in ownership. Then you will need to pay the balance of the loan or renegotiate the loan with the bank. If you don't pay the loan the car will be repossessed.
Can I get my name off the title and loan of my ex-son in law's van if he still has a loan on the van?
The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.
Responsibility to pay deceased spouse's equity loan?
Even if your name is not on the loan you have to pay for it if: You are next of kin (which you are if you are married) or You are in the Will of the deceased.
Are you responsible for your deceased husbands car payments if your name is not on the title or on the loan?
unless his will states otherwise you inherit all of his property and debt. that includes, loans.
If someone gave you a car after someone died and you find out that the car has a unpaid title loan. How do you get that car registered in your name?
You pay the balance of the unpaid loan to the bank, request a release of title to the estate of the deceased person, purchase the vehicle from the estate for at least one dollar, do a transfer of title to your name, and register the vehicle.Anything less or different may result in the repossession of the vehicle.
What is a title loan?
A title loan is also known as car title loan. It is a type of secured loan where you can use your vehicle title as collateral to get the funds you need. When you borrow with your car title, you allow the lender to place a lien on the title of your car, SUV, RV, truck, or motorcycle in exchange for a loan amount. This loan don't rely on your credit score.
Can the next of kin of my Friend sell me the deceased car if the title is in the deceased name?
You need to inquire at your state DMV to determine how to transfer the title properly.
Can the executor of the estate sign over a camper registration and title to someone else and the loan payment stay in the deceased person name?
No, that would not be possible. There is a loan on the vehicle and the lien holder must be satisfied first. It is not likely that they will allow the transfer without a new loan being created.
Can you get the title and license plates in your name if the loan is in your mothers name?
No.
Can you be on title but not on the loan?
car is in wifes and my name, she got a title loan unknowingly from the husband. She defaulted, can they take the car from the husband?
If your name and your deceased spouse name is on your car title and you want to trade in this car can you do this without removing deceased spouse name from car title in the state of Texas?
If you and your deceased spouse were listed as "OR" on the title, it only takes on signature to release the title to the new owner. However, if the names were listed with "AND", then both signatures would be required. Since this is no longer physically possible, you need to take the title, along with the certificate of death, to the motor vehicle office and have your deceased spouses name removed from said title before you even attempt to sell or trade in this auto.
Can you get a new title in your name if previous owner never paid for title loan received and then died leaving it to you and title loan comp has original title still?
no you need the tittle
