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The loan must be paid off or refinanced and the co-owner must transfer their interest in the property to the person who will be keeping the property.

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∙ 16y ago

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Related Questions

Can a cosigner remove the primary borrower from a loan agreement?

No, a cosigner cannot remove the primary borrower from a loan agreement. The primary borrower is responsible for the loan, and the cosigner is only responsible if the primary borrower fails to pay.


Can you remove a repossession off your credit report if your cosigner has a judgment on the repossession?

No you cannot remove a repossession off your credit report if your cosigner has a judgement on the repossession.


If you are a cosigner in someone's loan for a line of credit and he is at default what can the cosigner do to take his name back?

Nothing. The only option for being remove as a cosigner is to have the original loan refinanced without the cosigner participating.


If your a cosigner and want to remove your name before the loan is paid off will this affect your credit in any way?

A cosigner cannot simply remove their name from the contract. The cosigner is obligated equally with the primary borrower until the loan is paid. A cosigner's credit history will be affected, hopefully in a positive way.


Can you refinance your car without a cosigner if your current loan has a cosigner?

if you take it to your personal bank and ask them how much you need to have paid already they can indeed refinace you and remove the cosigner


Can you remove A CO signer name after six months?

No, one can not remove a cosigner from any contract after 6 months. The cosigner will have to stay on the contract until the contract is paid.


How can one remove a cosigner from an equity loan if the cosigner is not on the first mortgage title?

The title has nothing to do with the loan. The loan will need to be refinanced using a different cosigner or only the primary borrowers.


How can I remove a cosigner from a car title in California?

To remove a cosigner from a car title in California, you typically need to refinance the car loan in your name only. This process involves applying for a new loan without the cosigner's involvement and using it to pay off the existing loan. Once the new loan is approved and the old loan is paid off, the cosigner can be removed from the title.


How do you remove cosigner from private students loans?

Refinancing in your name, if you have credit, is one easy way to do this.


Your girlfriend and you bought a home the deed is in both names the loan in mine can you kick her out?

No. If you conveyed an interest to her or if you purchased the home together and both names are on the deed then she has the right to the use and possession of the property. You would need to buy her interest to remove her from the premises. For some reason you accepted full responsibility for paying for the property. If the property was sold she would be entitled to half the net proceeds. You should consider making an offer.


You bought property in Hopkins County KY and the neighbors fence is on your property Can you remove the fence?

You first have to prove this fence is in fact, on your land and not your neighbors. You do this by obtaining the survey that is filed along with your deed. And then, if there is further questions, you might have to hire a survey company to re survey your property, physically mark the property lines and then give notice to your neighbor that his fence is on your property, justified by a copy of the survey and give him a time frame in which to remove this fence. Then, if it is not done, remove it and sue for the amount it took to remove it. You should read the contract you signed when you purchased the property. Many contracts for the purchase of land will state if an existing fences is the property line regardless of what a survey shows.


Will refinancing a car loan under the primary borrower's name remove the cosigner from the loan obligation?

Yes.

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