2007-04-26 13:24:10 · 4 answers · asked by Anonymous in Business & Finance ➔ Credit
It's an auto loan that has $5000 left owed.
2007-04-26 13:41:24 · update #1
You are in a binding contract that can not be undone unless there is a new loan for the items financed.
2007-04-26 13:58:42 · answer #1 · answered by Matt 4 · 1⤊ 0⤋
If you're talking about a home loan / mortgage, your husband will have to refinance the property based on his credit, his income and his overall ability to qualify for the loan on his own. Even if you deed the property to him in just his name, that does not remove you from the mortgage. Only a new loan will. The current loan will have to be paid off and a release / satisfaction filed.
2007-04-26 13:32:15 · answer #2 · answered by Le_Roche 6 · 0⤊ 0⤋
It doesn't matter where you are. The ONLY way to get of ANY loan is for the loan to be paid off. If you are divorced, ask the court the handled the divorce to force him to refinance or sell the car.
2007-04-26 14:07:26 · answer #3 · answered by STEVEN F 7 · 0⤊ 0⤋
Only if he refinances the car. Even if he agrees to let you off this loan, there's nothing to force the lender to do the same.
2007-04-26 14:55:42 · answer #4 · answered by astatine 5 · 0⤊ 0⤋