we had an agreement that she would make all the payments, she skipped town and i got stuck with all the payments. she is nowhere to be found and i have still been making payments on the car (for the last 2 years!) . i would like to take her name off. how can i take her name off if i can not find her?
2007-04-27 14:09:23 · 5 answers · asked by Bruce N 2 in Cars & Transportation ➔ Buying & Selling
You are not stuck. First call the police, then call the bank and report the car missing, explain the problem with proof. The bank and police can find her. She has to have something in her name, new license, a phone, even the post office gives out forwarding mailing addresses. In the meantime, put your car payments in an escrow account and make those payments on time until this is resolved. Tell the bank you won't make another payment to them until they help you locate the car. However, do not let the bank repossess the car because that can come back on you unless they give you something in writing saying you don't owe. You still may end up spending a bit more money on the car but it's better than paying out the loan and there being no car. Remember, you are making her credit good by keeping your's good, but she hurt you by running off. Never co-sign since it deals with your credit. You can't get some jobs with a bad credit score these days. I really wish you luck.
2007-04-27 14:26:57 · answer #1 · answered by dittersdoodles 4 · 0⤊ 0⤋
The only way that I can think of legally is to ask the bank to remove the co-signer. If the bank determine that your credit is good (and if you've been paying for the last two years, and you can definitely prove that) you may be able to convince them to refinance the car wholly under YOUR name. Then the bank will re-title the car under your name only.
If that can't be done, you'll have to re-finance the car solely under your name, and that's where it gets VERY messy as you technically need both signers to sign away the vehicle to refinance it. Check with your local DMV or equivalent if both signatures are required to refinance a vehicle as sometimes it counts as a sale.
2007-04-27 22:38:04 · answer #2 · answered by Kasey C 7 · 0⤊ 0⤋
Talk to the people you bought the car off of and the bank you are making the payments to.
2007-04-27 21:12:08 · answer #3 · answered by 773H 4 · 0⤊ 0⤋
Contact the bank that owns the title to the car. Tell them your situation that way when the car is paid off they will send the car title in your name.
2007-04-27 21:13:35 · answer #4 · answered by Digital Katana's 3 · 1⤊ 0⤋
You can't.
The whole point of cosigning is that you're saying "hey, Lender...I trust her more than you do and I'll be the fall guy if she doesn't pay."
You are now the fall guy. You have no property rights to the car, though.
2007-04-27 21:12:52 · answer #5 · answered by Anonymous · 1⤊ 2⤋