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How do you remove a co-owner from a vehicle title if they are not making payments and cannot be located?
Any action would be governed by state statutes concerning ownership rights. In most states the way a vehicle is titled to persons who are not married depends on how it is owned. Generally, if the title reads John Doe "and" Mary Smith then the vehicle belongs to each person equally and both need to agree on what if any action can be taken. If the title reads John Doe "or" Mary Smith, they both own the vehicle separately and either party can sell it w/o the consent of the other. The safest option would be to contact the state DMV for the required information.
What else can I help you with?
Can a cosigner coowner repossess a vehicle if the primary has not defaulted payment on the loan?
A cosigner or coowner cannot repossess a vehicle. That is something the leinholder does.
Can you keep a car of the decease if you keep up the payments?
Technically, no you cannot. The loan was to the deceased, not to you. You also have to change the title of the vehicle.
Where is the air conditioner drain hose located in a 1998 Jeep Grand Cherokee?
IT IS IN THE FRAME OF THE VEHICLE. YOU CANNOT ACCESS IT IT IS IN THE FRAME OF THE VEHICLE. YOU CANNOT ACCESS IT
What can be done to you in Florida if you are the cosigner on a vehicle that is up for repossession but your husband is in possession of the vehicle and they cannot find it?
They will come to you for the money if they can't find him. It will be on your credit as a repo as well. As a co-signer, you sign that you will take over payments if the signer fails to make the payments.
Can child support paid to the custodial parent be garnished if they owe other debts?
No. Child support payments cannot be garnished.No. Child support payments cannot be garnished.No. Child support payments cannot be garnished.No. Child support payments cannot be garnished.
What happens to remaining payments if you trade car in?
The remaining payments are usually rolled into your new car loan. The dealership cannot transfer the title into their name without the vehicle loan being paid off.
If you cannot make the payments on a vehicle which was 38000 on purchase and is now worth 28000 what happens if you take the vehicle back to the bank?
you are responsible for the whole of your loan, no matter the depreciated value of the vehicle. the amount of your loan does not change. That's it, you owe 38000
Can you put insurance on a motorcycle and drive it if it's not in your name yet?
No. It's the same as with an automobile. You cannot insure a vehicle that you do not have an insurable interest in which generally means that you own the vehicle. If you own the vehicle or motorcycle but are still making payments you are considered the owner.
What is involved in a Repossession of a vehicle in Tennessee?
In Tennessee, a truck or car finance company can hire a repossession company to take your vehicle if you do not make payments and are in default. They are not able to break into a locked garage to take your vehicle and they cannot forcibly remove a person from behind the wheel of the car.
On average what is the quality of most repossessed vehicles?
The owner of a vehicle that has been repossessed, cannot afford to make their payments, so it makes sense that they cannot afford to perform the required scheduled maintenance on the vehicle. This is not always the case but IMO, I would never buy a repossessed vehicle, unless it had extremely low mileage of say less than 20,000 miles.
What is wilful concealment?
The legal definition may vary from state to state, but in general, it means intentionally hiding a vehicle when the payments are past due so a repo agent cannot find it.
Can you deduct COBRA payments on Schedule C?
No, COBRA payments cannot be deducted on Schedule C.
