answersLogoWhite

0

Check your title paperwork. If the cosigner is listed on the title then you are co owners.

If the cosigner is not listed on the title then you are the only owner.

More times than not a cosigner is also listed on the title.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

What are the rights and liabilities of the co-signer and co-owner?

A co-signer accepts equal responsibility for the debt in the event the primary borrower fails in their obligation to pay. Being a co-signer will definitely impact a credit score. A co-signer generally has no ownership claim to any property that is involved. A co-owner actually owns a portion of any property, to the extent the state laws and the wording of the title/deed allow. A co-owner will not always be responsible for the debt itself.


Can a co-signer repossess a vehicle if a sibling is not making payments?

The co-signer is typically a person who signs for the car loan; the co-signer may or may not be listed as a co-owner on the title. If the co-signer is also a co-owner, the co-owner who is paying the loan can legally take the car. However, if the co-signer is not a co-owner, taking the car would be grand theft auto. Incidentally, if the co-signer is not also a co-owner and the loan falls into default, both the signer and the co-signer will be identified in credit reports as defaulting on a car loan, even though the co-signer did not have or use the car.


I have a car in which the bill come in my name but also have a co-signer whose name is not on the bill who legally owns the car me or husbands aunt?

If there is a co-signer on a loan for a car, the person who is making the regular payments is usually the owner of the car. Unless, the car is registered to the co-signer, the person making the payments owns the vehicle.


Can a co signer sue the car owner?

Generally, yes, assuming that the "car owner" is the person who took out the loan that was co-signed AND that the owner defaulted on the loan and the co-signer was forced to pay the balance of the loan. Typically, the main borrower, i. e. the car owner, is primarily liable for the loan while a co-signer is only secondarily liable. This means that the co-signer has no obligation to make payments unless the primary borrower defaults. In most contracts involving co-signers, the contract will have a provision that if the co-signer has to pay on behalf of the primary borrower, then the primary borrower must indemnify the co-signer. If the primary borrower refuses to pay the co-signer, the co-signer can sue the car owner to recover what he paid for the car owner.


How do you go from being a co-signer to being an owner of the property?

The co-signers name must be on the title to the property in order for them to be a joint owner of the property. The owner must put the co-signer on the title to the property.The co-signers name must be on the title to the property in order for them to be a joint owner of the property. The owner must put the co-signer on the title to the property.The co-signers name must be on the title to the property in order for them to be a joint owner of the property. The owner must put the co-signer on the title to the property.The co-signers name must be on the title to the property in order for them to be a joint owner of the property. The owner must put the co-signer on the title to the property.


How does the primary owner of a car pass the car to the co signer?

You need to sign the Certificate of Title over to the co signer so that the vehicle can be legally registered in the name of the co-signer.


How does the primary owner of a car pass the car to the co-signer?

You need to sign the Certificate of Title over to the co signer so that the vehicle can be legally registered in the name of the co-signer.


Can a co-signer take the car away from the primary driver?

The automobile's title/registration determines the legal owner of the vehicle. Loan documents only concern the signer's legal responsibilities with the bank. If both names are on the title and you as primary are not paying on the loan then it is the responsibility of the co-signer to pay the loan. Since the the co-signer is still co-owner, and they are paying then the co-signer can take the car away. Remember this is affecting the co-signer's credit as well as your credit.


If the lender doesn't want the car how would the co-signer take over payments?

The co-signer would make the payments as usual and at the end of the financing, the owner would sign the title over to the co-signer. That is probably not good because the owner would still be financially responsible for the vehicle. The co-signer should refinance it in their name.


What is the diffrece between the primary borrower and the co signer?

The primary borrower and the co-signer are equally responsible for paying the loan. if the primary defaults, both their credit records will be ruined and the lender will go after the co-signer for payment. The difference is that the primary is generally the owner of the property and the co-signer is agreeing to pay a debt for property they do not own.The primary borrower and the co-signer are equally responsible for paying the loan. if the primary defaults, both their credit records will be ruined and the lender will go after the co-signer for payment. The difference is that the primary is generally the owner of the property and the co-signer is agreeing to pay a debt for property they do not own.The primary borrower and the co-signer are equally responsible for paying the loan. if the primary defaults, both their credit records will be ruined and the lender will go after the co-signer for payment. The difference is that the primary is generally the owner of the property and the co-signer is agreeing to pay a debt for property they do not own.The primary borrower and the co-signer are equally responsible for paying the loan. if the primary defaults, both their credit records will be ruined and the lender will go after the co-signer for payment. The difference is that the primary is generally the owner of the property and the co-signer is agreeing to pay a debt for property they do not own.


Does a mortgage co signer have to be listed as a property owner?

No, a mortgage co-signer does not have to be listed as a property owner. A co-signer is someone who agrees to take on the responsibility of the mortgage loan if the primary borrower defaults, but they do not have to hold legal ownership of the property. However, being a co-signer may impact their credit and financial obligations, so it's important for them to understand their role and responsibilities.


What if the co signer has no credit?

If a co-signer has no credit, the person may not be able to obtain what they are wanting. This might be a car, or house, but if a co-signer is lacking something, the company may not allow the purchase.

Trending Questions
Cases dealing with juvenile crime are heard where? What qualifications needed to be a senator? How long was it from the time African American men were given the right to vote until women were given the right to vote? How easy is it to hang a person to make it look like suicide when in fact it could be murder? Is a cctv system personal tangible property? What branch of government passes the federal budget? How do you find out if you've been christened? What happens if the person cannot live in the house that she has a life estate to does she give up her right to live their? If you are in chapter 13 bankruptcy can you file for a voluntary dismissal to refinance your house? What is the default letter used in the cure for the common cold? Is it illegal to reverse on a road? Trafficking in persons involves which of the following children soldering human smuggling currency fraud substance abuse? Is America's government a monarchy? What is formalized rules? Which branch of government can throw out a law? What is legal to download from emule? Where would one find a FAQ for Bankruptcy? Does an executor have the right to charge an Estate to have heir's inherited business property re-appraised after Estate set business property and equipment value in will as part of heir's enheritance? Can a married grantee be listed as single on quit claim deed? What right is an employee entitled to in the Federal workplace under Federal antidiscrimination and whistleblower protection laws?