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Your wife co signed for her son a loan if he defaults can they come after property she and you have jointly even though you did not co sign?
Wiki User
∙ 14y ago
Short answer, yes. Even though you are on the property jointly, she is a responsible party on the cosigned loan. As such, she owns the cowned property same as you. If you own a car together, for instance, she owns as much of the car as you do. It is her car. It is still your car, but for the purposes of securing satisfaction for the eventual judgment on the other loan, she owns the car.
Wiki User
∙ 14y ago
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Does your home jointly owned by your wife and you have to be transferred to your revocable trust?
That is a decision you make on your own based on the reasons for which you have a trust. There is no special rule book telling you what to transfer to your trust. If you want your home to be transferred out of your individual names and into a trust then you must execute a deed signed by both owners transferring the property to the trustee of the trust.It doesn't sound as though you know much about your "revocable trust". Trust law is extremely complex. Transferring your property to a revocable trust will keep the property in your names for tax purposes. It may also make the property vulnerable to creditors. It sounds as though you should consult with an attorney who specialize in trusts and estate planning before drafting any legal documents and transferring property on your own.
Can a debt collector take property titled in two names for one person's debt?
Maybe. It depends on what sort of property is in question, how that property is held by more then one individual, if the person(s) are married and if so whether or not they reside in a community property state. In CP states all property belonging to a married debtor can be seized even though only one spouse is the named debtor. In non CP states where only one spouse is the debtor joint property such as bank accounts can usually be protected from creditor judgments. When it relates to property jointly owned by a individuals who are not married the issue is more complexed.
Can Liens by credit card companies be placed on jointly owned property?
Yes. My husband had credit card debt from before we got married and purchased out house. It turned into a judgment lien and not it's attached to the house we bought together even though the house is in both our names and I had nothing to do with the credit card.
Can a tax refund be garnished even though its the ex spouses income which money was owed?
If you files jointly for that year I think they can hit you both until paid
Is it necessary for a mortgage co-signer to also be a co-owner on the deed?
The lender requires that anyone whose name is on the deed also sign the loan and mortgage papers, but a co-signer does not necessarily have to be an owner on the deed. If you do not own the property you must ask yourself who you would promise to pay a mortgage on land you do not own. Keep in mind that if the owner of the property doesn't pay the mortgage you will be held responsible for paying it even though you don't own the property. You need to ask yourself if you want to be in that precarious position. If the owner defaults your credit will be ruined as well.
I cosigned a mortgage for another person but I am not on the deed. What are my rights?
Actually, you have no rights. All you have is an obligation to pay the mortgage if the primary borrower doesn't pay. If you co-signed a mortgage for property that is owned by another person you have offered to pay the mortgage even though you have no rights or interest in the property. If the borrower defaults the bank will go after you for payments just as you promised when you signed the mortgage. If the mortgage is foreclosed it will be reported on your credit record.
If three siblings jointly own property in Colorado can one file chapter 13 bankrupty?
Sure. That persons 1/3 interest in the property weill be included in the BK filing though.
Does your home jointly owned by your wife and you have to be transferred to your revocable trust?
That is a decision you make on your own based on the reasons for which you have a trust. There is no special rule book telling you what to transfer to your trust. If you want your home to be transferred out of your individual names and into a trust then you must execute a deed signed by both owners transferring the property to the trustee of the trust.It doesn't sound as though you know much about your "revocable trust". Trust law is extremely complex. Transferring your property to a revocable trust will keep the property in your names for tax purposes. It may also make the property vulnerable to creditors. It sounds as though you should consult with an attorney who specialize in trusts and estate planning before drafting any legal documents and transferring property on your own.
Can a repo man come onto private property in Massachusetts to get your vehicle even though the gate was not locked?
They can come onto your property because you gave them permission when you signed the loan.If it someone elses property that is trespass but after they have the vehicle the point is moot as long as they didn't damage the property.
Is the deceaseds spouse responsible for debts not in their name?
They might be. Anything jointly owned would normally become sole property of the spouse, but, is still part of the deceased's estate. After taking appropriate legal steps for example, a creditor could force the sale of a jointly owned property, splitting the money with the spouse to start paying off the deceased's debts. If all the deceased's assets are liquidated, and it is not enough to pay off the debt though, then the spouse is not responsible for that part, that debt will then have to be written off.
Does a surviving cohabitant have a claim on the estate after a partner dies even though an agreement had been signed to keep property separate and a will left the estate to a relative.?
No. Being a "co-habitant" does not bestow any legal rights if you're not on the deed. Also, if you signed a contract to make certain the property was to be kept separate from yours then you are doubly prevented from making any claim. You have no standing.
Who is Riki on a signed Painting?
I have an old Matador painting signed RiKi,no idea who it is though.
Is Run For Cover By Derek Rigs signed by the iron maiden band?
No. You can get it signed by Derek though.
Should a house after both seller and buyer have signed a contract still continue to be shown?
No. You should not show a property that is already under contract, unless the contract falls though. Then it is for sale again. http://www.allwholesaleproperties.com
Can a debt collector take property titled in two names for one person's debt?
Maybe. It depends on what sort of property is in question, how that property is held by more then one individual, if the person(s) are married and if so whether or not they reside in a community property state. In CP states all property belonging to a married debtor can be seized even though only one spouse is the named debtor. In non CP states where only one spouse is the debtor joint property such as bank accounts can usually be protected from creditor judgments. When it relates to property jointly owned by a individuals who are not married the issue is more complexed.
Can Liens by credit card companies be placed on jointly owned property?
Yes. My husband had credit card debt from before we got married and purchased out house. It turned into a judgment lien and not it's attached to the house we bought together even though the house is in both our names and I had nothing to do with the credit card.
What age was Lady Gaga when she signed?
Gaga was 19 when she was signed to Def Jam, though she was quickly dropped, and 20 or 21 when she was finally signed to Interscope (and several of its imprints).
