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What else can I help you with?
Can you take out a home equity loan without permission from co-buyer?
it depends on who the co-buyer is if it is your husband or wife then you can ask and they will most likely say yes. but no
If you are facing repossession and have a buyer that will take over payments will the finance company refinance the car for the buyer?
not normally the contract is with yourself, not them
Can a co-buyer legally take the car from the primary buyer?
No, a co-buyer cannot legally take the car from the primary buyer without the primary buyer's consent or a court order.
If there is a buyer and co-buyer and the buyer does not want the auto can the co-buyer take over the loan because the buyer gets all the credit?
The co-buyer should contact the LENDER and ask to have the buyer removed from the loan. Nothing can be done legally without the LENDERS approval.
How do you get a co-buyer off of a car loan if they are in default?
You don't. If the cobuyer has possession of the vehicle and is no longer making payments, you as the buyer may take possession and either take up and make current the payments, or voluntarily surrender the vehicle. Failure to do so will result in repossession, and will adversely affect your credit.
I am the buyer but co buyer has car and hasn't make the payment what are my rights?
i am the buyer made payments but the co buyer has the car and has not made any payments what are may rights Very generally speaking, cobuyers (cosigners) have the same rights to the vehicle as the primary buyer, however, you may or may not have the right to take possession of the vehicle without permission of the buyer. Some states have specific laws about taking possession of a vehicle under those circumstances.
Can you take out a home equity loan without permission from co-buyer?
it depends on who the co-buyer is if it is your husband or wife then you can ask and they will most likely say yes. but no
How can you avoid repossession by selling the car yourself without the title?
You cannot "sell" a car without the title because the title is proof of ownership. Without the title the buyer can't register and insure the car.
If you are facing repossession and have a buyer that will take over payments will the finance company refinance the car for the buyer?
not normally the contract is with yourself, not them
What is the concept of repossession about?
Is is common knowledge that the concept of repossession is the taking back of property by a lender or seller from the borrower or buyer, usually due to default.
Are they allowed to call the police to repossess a motocycle from a close garage?
Depends on jurisdiction but generally the answer is NO. It is unlawful for any repossession agent to enter closed or gated private property without permission The purchase of most vehicles are covered under civil contracts between the buyer and seller and therefore repossession falls under civil law in which a ruling to repossess a vehicle must be obtained from a court after a ruling in the favor of the seller. Still gated property or closed door property cannot be lawfully entered without permission and in some jurisdictions disregard for this by a repossession agent can be considered home invasion in which lethal force could be used against. Sellers however can and do sue. Police can only assist in protective measures for repossessions that occur on public property or private property in which permission is granted .
What is your liability as a co-buyer if there is an accident and the car was not being driven by either buyer but a third person?
if the third party had permission (or implied permission) to drive (from an owner or agent of the owner) and the policy doesn't exclude them.......the owners and the driver will be held liable.....
Does co-owner and secondary owner mean the same thing for the purpose of repossession?
YES, owner/buyer/maker:::co/owner/co/buyer/co/maker....anyone else is 3rd party possession....
Sample of auto repossession letter to buyer?
An auto repossession letter should begin with a letter head consisting of the name, address and phone number of the recipient. Choose a date that payment must be made for the vehicle along with its VIN number.
Can a co-buyer legally take the car from the primary buyer?
No, a co-buyer cannot legally take the car from the primary buyer without the primary buyer's consent or a court order.
What does assignability mean in a real estate contract?
Once you have entered into a valid contract -- the buyer can "assign" ; "substitute" or hand the contract over to somebody else to fulfill the original terms that the original buyer made with the seller. Usually in a Washington state purchase/sale agreement -- there is a clause that specifies the buyer cannot do this (assign) the agreement to somebody else -- without the sellers express permission and/or approval.
Who registers a car when buying the buyer or the seller?
The buyer does, seller can sell without registration on it, it is up to the new buyer if he/she wants to register it.
