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Will a repossession affect my husband if his name is not on the loan?
Wiki User
∙ 18y ago
Perhaps. If the married couple resides in a community property state, all debts and creditor action apply to both spouse's if the debt was incurred during the marriage. It will also be a factor in any future joint financial transactions the couple may want to make in the future, such as a mortgage loan or a refinancing or equity loan for a home. However the repossession should not appear on the husband's credit report; allthough this is not a certainty, as CRB's are somewhat notorious for their lack of accurate reportage.
Wiki User
∙ 18y ago
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Can a husband let the wife take over the loan of a house without her having rights to own the house?
If the loan by the Bank than it will be on your name. Do not pay loan if someone else as name to the loan.
If an ex wife takes a car with her name on the loan and does not make the payments can the bank give it back to the husband so he can pay for it?
IF her name is on the TITLE, she can take it. IF the husband is on the loan, he can make whatever arrangements he and the LENDER agree to.
Can a husband take a loan against a house that has wifes name on it also?
All parties on title to the home must sign the loan documents; so, your husband can not do a loan on his own. Some states allow the spouse to sign the note (the debt) but not the deed; that would mean you are on the loan only but not the title; in that case, your husband would be able to encumber the property with another loan in his loan only.
If your husband gets a loan for a truck in his name only will you be responsible for the debt if he dies?
no if you did not sign anything
Why am I getting served on a foreclosure when the loan is in my husband's name in Florida?
You may want to double check the document to see if you were indeed liable on the loan. You may have not been on the loan but on the deed to the property also.
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?
Will your husband be liable if the Home goes into default and the home is in the wife's name?
your husband will be liable only if his name appears on the loan or mortgage documents as a co-guarantor of the loan
If your car has your mothers and your name on the title but she is deceased how does this affect you if it is repossessed?
Goes on your credit as a repossession.
Can a husband let the wife take over the loan of a house without her having rights to own the house?
If the loan by the Bank than it will be on your name. Do not pay loan if someone else as name to the loan.
If an ex wife takes a car with her name on the loan and does not make the payments can the bank give it back to the husband so he can pay for it?
IF her name is on the TITLE, she can take it. IF the husband is on the loan, he can make whatever arrangements he and the LENDER agree to.
Can a husband take a loan against a house that has wifes name on it also?
All parties on title to the home must sign the loan documents; so, your husband can not do a loan on his own. Some states allow the spouse to sign the note (the debt) but not the deed; that would mean you are on the loan only but not the title; in that case, your husband would be able to encumber the property with another loan in his loan only.
Your husband has 3 acres in his name but not mine will it be difficult to get a mortgage?
It shouldn't affect a mortgage. The mortgage will be based on the credit worthiness, the down payment, the ability to repay the loan of the people who apply for the mortgage.
How do you add your name on to your husband's car title when it is being held by a loan company?
you cannot
If a loan is in both husband and wifes name who is responsible for the debt?
Both of you, together and individually!
Your husband died last year and you are listed as a co-owner but your name is not on the loan.?
Hopefully, You were not maried when the loan was given, You should see an attorney.
If your husband gets a loan for a truck in his name only will you be responsible for the debt if he dies?
no if you did not sign anything
Is a wife responsible for a repossessed car if husband cannot pay balance due to not having a job?
It depends whose name is on the loan. If it's just the husband, then no. If both names are on the loan, then it affects both people.
