My father-in-law recently died in a horrible car accident and has two new cars that he purchased within the last year. The family, especially my mother-in-law (who is unempoyed), is worried that the debt will fall on them.
NOTE: No one else was on the car loan or the title, nor was there a co-signer.
Does anyone know if what happens, in the state of Oregon, when the borrower on a car loan dies? I was hoping we could just return the car to the bank and call it even, since no one else is on the loan or title. I think it's ludicrous for the bank to go after the family!
If you're familiar with this issue, please feel free to contact me with any helpful advice. Thanks!
2006-12-08
09:08:49
·
9 answers
·
asked by
chasenkatonfamily
1