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No. A power of attorney is only an authority to act on your behalf while you are living.
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∙ 14y ago
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Your husband and you had a personal unsecured loan He died do you still have to pay all of the loan off?
If you co-signed the loan, yes, you will be personally responsible for the unpaid amount. if you did not co-sign the loan, your husband's ESTATE may be liable for the loan payoff. Talk to an attorney or the Probate Court for further information.
If after your bankruptcy you sign a loan modification on your home are you now responable for this loan if you still want to walk away if the loan was not reafirmed?
This question should be handled by an attorney,Any loan modification paper work signed after bankruptcy proceeding are a new contract which yes make you liable for that debt.
Is a cosigner liable for the balance of a repossessed vehicle if the loan company auctioned it without notifying them?
READ your contract you signed. Call a local attorney for state specific legal advice.
How long are you liable for student loan?
Forever.
Are parents responsible for adult child's debt to an attorney?
Very generally speaking, in the U.S. a person is not liable for any other person's debt, unless that person is a cosigner on a loan or something.
Is it fraud for a power of attorney to take out a home loan?
If the home loan can be proven to be to the benefit of the principal then there should be no problem. If it is to the benefit of the agent alone then the matter has to be investigated.
If you have a cosigner that is not present for a private party car loan can a power of attorney be used to have another person sign for them in the precense of a notary?
Yes in certain situations the dealer will allow a power of attorney to sign for car.
Will i be liable for ex spouse's debt of a home equity line that the divorce decree ordered him to pay off my name is on the loan and the house is in my name?
You are as liable as him. If he files bankruptcy, they will come searching for you. Even if you sign a Quit Deed to release the house to him, you are just as responsible if your name is still on the loan.AnswerThe bank is not bound by any provision in your divorce decree. Your attorney should know that and should have addressed this situation by having your ex husband refinance the loan and pay off the existing loan that is in your name. If your ex husband fails to pay the loan the bank will come after you for payment and you remain legally responsible for repayment since you signed the note and mortgage. Incompetence results in this type of mess after a divorce.
What if the proceeds from the sale does not cover the balance of the existing loan?
In most cases you are still liable for the remainder. Check with the lender to see if they will waive the balance left over. If not you are probably going to have to come up with it.
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
Is family liable for payment on a repossessed car?
Whoever's name is signed on the loan paperwork is the one liable.
How long after the borrowers death is the co signer liable on a loan?
Until the loan is paid.Until the loan is paid.Until the loan is paid.Until the loan is paid.
