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Check your Deed. If you both are "undivided" owners..meaning you both own the property equally 100%..then NO they can not sell. Most of the time there is rights of survivorship in that kind of Title but if you each own 1/2 or 1/4 or ???? "divided interest..they can sell their share... 1/2 or 1/4. Check with your closing attorney.
What else can I help you with?
What is another word for the primary owner in a company?
Another word for the primary owner in a company is "stakeholder." Other terms that can be used include "proprietor" or "shareholder," depending on the context of ownership and involvement in the business.
What is the difference between a primary owner and a secondary owner of real estate property?
Just as with any assest, primary usually has to do with the persons amount of stake in it. Lets say two people buy a property, one gives 75 % of the money the other 25%, the one with more vested would be the primary.
What is the opposite of owner?
The opposite of "owner" is "non-owner" or "tenant," referring to someone who does not possess or own a particular property or item. In a broader sense, it can also imply a user or a borrower who has temporary rights without ownership.
When buying a home can you sell the home to another person without letting the owner know?
You would not be able to sell the home without the owner knowing, but unless your mortagage includes a clause forbidding it, you could rent the home to another party.
Can you insure a house you do not own?
You can if what your doing is buying or arranging insurance on behalf of the legal owner. The owner of the property needs to be the primary insured beneficiary. Other parties interests can also be listed on the policy.AnswerNo not really. The insurance looks for ownership documents I guess.
Can a cosigner register a car?
Yes, a cosigner can register a car, but they are not the primary owner of the vehicle. The cosigner is responsible for the loan if the primary owner fails to make payments.
What is a primary owner and cosigner of a car?
A primary owner of a car is the individual whose name is listed as the main owner on the vehicle's title and registration, holding legal responsibility for the vehicle. A cosigner, on the other hand, is someone who signs the loan agreement alongside the primary owner, providing additional financial security to the lender. The cosigner typically helps the primary owner secure financing, especially if they have a limited credit history or lower credit score. In case of default, the cosigner is also responsible for the loan repayment.
Is there a way for the cosigner to be removed as cosigner if primary owner defaults?
No. The purpose of requiring a co-signer is that in the case of a default by the primary borrower, the cosigner has agreed to be fully responsible for the loan. Therefore, if the borrower defaults, that's what you're there for if you're the cosigner.
What happens when a cosigner declares bankruptcy-not the primary owner?
Nothing unless they filed on your loan.
Who do you contact for a cosigner information to show up on their credit report?
You don't have to contact anyone. The lender will report information on the primary borrower, cosigner, joint owner, guarantor, and other relationships.
If the primary owner is involved in an accident can the cosigner be held liable for personal or property damage?
I am not an attorney but to my understanding, yes they can!! The other party just has to prove your at fault. For instance, you co-signed which allowed the primary to get the vehicle which did the damage without you the primary couldn't of gotten the loan and therefore it is your fault. The only way you might not be at fault is if you are not named as a registered owner of the vehicle.
How do you know if you are a cosigner or co owner?
A "Cosigner" is a "Co-owner." Cobuyers and buyers are equally responsible for the note they signed.
Is a co-signer a co-owner?
No. A cosigner is not a co-owner of the property simply by signing the loan contract. They must specifically insist that they be added to the title. Otherwise they have promised to pay for property they do not own if the primary borrower fails to pay.No. A cosigner is not a co-owner of the property simply by signing the loan contract. They must specifically insist that they be added to the title. Otherwise they have promised to pay for property they do not own if the primary borrower fails to pay.No. A cosigner is not a co-owner of the property simply by signing the loan contract. They must specifically insist that they be added to the title. Otherwise they have promised to pay for property they do not own if the primary borrower fails to pay.No. A cosigner is not a co-owner of the property simply by signing the loan contract. They must specifically insist that they be added to the title. Otherwise they have promised to pay for property they do not own if the primary borrower fails to pay.
Can a home be sold without cosigner signature?
Yes, a home can be sold without a cosigner's signature if the primary borrower on the mortgage is the sole owner of the property and has the legal right to sell it. However, if the cosigner is also listed on the title or mortgage, their signature may be required to complete the sale. It's essential to review the specific ownership and loan agreements to determine the necessary signatures. Consulting with a real estate attorney or agent can provide clarity in such situations.
Can a co-owner sell a car without the primary owner?
No, a co-owner cannot sell a car without the primary owner. Both people have to be present for the sale of this car to go through.
Can a primary owner sell the car without co owner?
No, a co-owner cannot sell a car without the primary owner. Both people have to be present for the sale of this car to go through.
If you are financing a vehicle can you remove the co-owner from the vehicle?
Only if you refinance the vehicle without the cosigner on the new loan.
