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How do you remove a co-owner from a vehicle title if they are not making payments and cannot be located?
Wiki User
∙ 19y ago
Any action would be governed by state statutes concerning ownership rights. In most states the way a vehicle is titled to persons who are not married depends on how it is owned. Generally, if the title reads John Doe "and" Mary Smith then the vehicle belongs to each person equally and both need to agree on what if any action can be taken. If the title reads John Doe "or" Mary Smith, they both own the vehicle separately and either party can sell it w/o the consent of the other. The safest option would be to contact the state DMV for the required information.
Wiki User
∙ 19y ago
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Can you keep a car of the decease if you keep up the payments?
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They will come to you for the money if they can't find him. It will be on your credit as a repo as well. As a co-signer, you sign that you will take over payments if the signer fails to make the payments.
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If you cannot make the payments on your loan, you can request a deferment or call the Direct Loan Servicer and have all of your repayment options explained to you.
Can a creditor repossess property if you are making payments?
no they cannot
If the primary borrower in Colorado is not defaulted on the payments can the co-signer take possession of the vehicle?
The only way that a co-signer can take possession of the vehicle is if they are listed on the title as a co-owner. Even if they are a co-owner, they cannot just take the vehicle. They would need to sue the primary borrower in court to gain possession.
Is the surviving spouse responsible for outstanding debt on the voluntary repossession of a vehicle when they are a cosigner on the loan?
If there are payments outstanding, you, the co-signer, are responsible. That's the point of being a co-signer; you agree to pay the debt if the primary cannot.
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