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How do you get a vehicle from the person in possession if you are co-owner and he is not paying the loan?
Check the vehicle registration, if you are the only one on the registration and you are paying the bills, then you are the legal owner. You can call it in as stolen and get the car back that way. **************************************************************
If you are a cosigner on a car that is in Repo status then you either need to pay the lender they are asking for (In order to stop the Repo) or the Repo will go on your credit as well. This can very by State so I would check the laws in your state.
Remember that when you cosign a loan you are as responsible for the payments as the person you are cosigning with. Hopefully you saved the paperwork you signed when you financed the car, I would find the papers and read the fine print (your responsibilities are in that little text somewhere).
What else can I help you with?
If the person you cosigned for refuses to pay on the car loan after a year and a half can the cosigner take over payments and get possession of the car?
Only if they are a joint title holder of the vehicle.
Are you obligated for the mortgage if your name is on the title?
You are obligated for paying the loan if you signed the mortgage. If your name was added to the title after the mortgage was granted then you received your interest subject to the mortgage. If it isn't paid the lender will take possession of the property by foreclosure. If your name was on the title prior to the mortgage and the lender didn't have you consent to the mortgage then the lender made a big mistake and can only take possession of the interest of the person who did sign the mortgage.You are obligated for paying the loan if you signed the mortgage. If your name was added to the title after the mortgage was granted then you received your interest subject to the mortgage. If it isn't paid the lender will take possession of the property by foreclosure. If your name was on the title prior to the mortgage and the lender didn't have you consent to the mortgage then the lender made a big mistake and can only take possession of the interest of the person who did sign the mortgage.You are obligated for paying the loan if you signed the mortgage. If your name was added to the title after the mortgage was granted then you received your interest subject to the mortgage. If it isn't paid the lender will take possession of the property by foreclosure. If your name was on the title prior to the mortgage and the lender didn't have you consent to the mortgage then the lender made a big mistake and can only take possession of the interest of the person who did sign the mortgage.You are obligated for paying the loan if you signed the mortgage. If your name was added to the title after the mortgage was granted then you received your interest subject to the mortgage. If it isn't paid the lender will take possession of the property by foreclosure. If your name was on the title prior to the mortgage and the lender didn't have you consent to the mortgage then the lender made a big mistake and can only take possession of the interest of the person who did sign the mortgage.
Can I refinance my mortgage taking my ex husband off while adding a different person who has better credit than me?
The owners of the property must sign the mortgage so the lender can take possession by foreclosure in the case of a default. Any co-signer should be fully informed that they will be responsible for paying the mortgage if the primary borrower defaults.The owners of the property must sign the mortgage so the lender can take possession by foreclosure in the case of a default. Any co-signer should be fully informed that they will be responsible for paying the mortgage if the primary borrower defaults.The owners of the property must sign the mortgage so the lender can take possession by foreclosure in the case of a default. Any co-signer should be fully informed that they will be responsible for paying the mortgage if the primary borrower defaults.The owners of the property must sign the mortgage so the lender can take possession by foreclosure in the case of a default. Any co-signer should be fully informed that they will be responsible for paying the mortgage if the primary borrower defaults.
Can a person agree to keep on paying for certain obligations such as a home mortgage?
A person who executed a mortgage has already agreed to be responsible for paying it until it is paid off.
What is A person who works in a bank receiving and paying out money called?
Teller
Is a private leinholder of a vehicle liable for the actions of the person who has possession of the vehicle?
No.
Who has the right to a vehicle that is stiil being paid for?
The person paying has the right to the vehicle
Do you have the right to take possession of a vehicle you cosigned when the person not making payments?
Yes.
If the cosigner has possession of vehicle and all payments are up to date can person named first take the vehicle at any time?
Whomever is named on the TITLE has equal rights to the possession of the car.
If one person has possession of weed in your vehicle is the driver held accountable for that person?
yes he is i know it sounds stupid and is very stupid but yes that happened to me before... also the can confiscate the vehicle
What does is mean no person who acts in reliance upon any representation of my agent as to the scope of my agent's authority granted under this document shall incur any liability to me?
This statement can come in handy for someone who performs an act or claims possession of something using the word of someone who was granted the authority to act upon the behalf of someone. An example would be that if a power of attorney gave possession of a vehicle to someone, the person who took possession of the vehicle would not be liable if they had good faith that the person was authorized to give them the vehicle. The owner of the vehicle would have to pursue action against the power of attorney and not the person who the power of attorney gave the vehicle to.
If you co-sign for an car loan and the car registration and insurance are in only your name and you make all of the payments and you have possession of the vehicle does the other person have any right to take the car?
You are confusing me. The primary borrower should have the registration, insurance, and possession of the vehicle, not the cosigner. I am currently going through a situation where I cosigned for a car for my sister. Due to her lack of making payments, I have hired an attorney to try to obtain possession of the vehicle. Both her and I are listed on the registration/title as 'or'. She has possession of the vehicle, the registration (which I obtained a copy of from the Motor Vehicle Office) and carries the insurance. My attorney tells me although I am on the title, registration, and loan, in oder to 'take' the car I have to go to court and have the judge issue a Writ of Possession. This being the case, depending on your state laws (I am in Florida), the other person would likely have to go to court to get the Writ of Possession to take the vehicle from you. I have learned the hard way (I am quite jaded because of this experience) the person who has the car in their possession has most of the rights - regardless of who is making the payments. Hope this helps. DON'T EVER CO-SIGN FOR A CAR FOR ANYBODY NO MATTER WHAT!!! PLEASE LEARN FROM MY MISTAKES!!!
Can you import a vehicle into Canada that has a lien on it?
A lien only exists when a vehicle is in the possession of the person/company who are owed monies from it, once released legally, there is no holding on it and the right of lien has been lost
Can you be arrested for an unpaid car loan if i did not return the vehicle?
It's possible, but a bit unlikely. However, if the repo agent comes to you, and you claim not to know where the vehicle is, then they can assume an unauthorized person is in possession of the vehicle, and might report it stolen.
Who is legally responsible for a mortgage after death?
The estate of the person who granted the mortgage is responsible for paying the mortgage. If there is no money in the estate to pay the mortgage the lender will take possession by foreclosure. However, if the beneficiaries and heirs desire to keep the property the mortgage must be paid or the lender will take possession of the property by foreclosure. You should consult with the attorney who is handling the estate.The estate of the person who granted the mortgage is responsible for paying the mortgage. If there is no money in the estate to pay the mortgage the lender will take possession by foreclosure. However, if the beneficiaries and heirs desire to keep the property the mortgage must be paid or the lender will take possession of the property by foreclosure. You should consult with the attorney who is handling the estate.The estate of the person who granted the mortgage is responsible for paying the mortgage. If there is no money in the estate to pay the mortgage the lender will take possession by foreclosure. However, if the beneficiaries and heirs desire to keep the property the mortgage must be paid or the lender will take possession of the property by foreclosure. You should consult with the attorney who is handling the estate.The estate of the person who granted the mortgage is responsible for paying the mortgage. If there is no money in the estate to pay the mortgage the lender will take possession by foreclosure. However, if the beneficiaries and heirs desire to keep the property the mortgage must be paid or the lender will take possession of the property by foreclosure. You should consult with the attorney who is handling the estate.
How can you get a title if past owner doesn't have one and doesn't recall past seller?
If the seller or person who wants to give you the car doesn't have the title they don't own the car legally, cannot transfer title to you and you won't be able to register it as the new owner. The person in possession of the vehicle must request a new certificate from the state department of motor vehicles by whatever procedure is used in your jurisdiction. You should not take possession of the vehicle until a new certificate of title is obtained by the person in possession and then signed over to you.
If a vehicle that is not yours but is in your possession for one year does it become yours?
yes, because if you had it for a year and that person never cared to look for it that shows they don't care about it.
