I am now taking care of the back payments and insurance she never took care of. Both of our names are on the title but she says that she will not sign when I sell the car in order to release the title to the new owner. Given that she was 47 days past due, was late on 4 of 7 payments, and had no insurance on the car since we bought it a year ago is there any way in which I can take her name off the title or bypass the need for her signature? By the way, I am in California and the bank has the lien on the car, thanks to all.
2007-06-23 07:05:47 · 8 answers · asked by rtrujillo5150 1 in Cars & Transportation ➔ Insurance & Registration
You may be able to make a deal with the bank where they take the car back, sell it, and you pay any and all deficiencies. Seeing as you have been making the payments, and they (I assume) know why the payments got behind, they may be willing to help you, and not report the account as a repo. Other than that, you will need to file a suit against your Ex and get the court to order that the title be transferred to your name.
2007-06-23 07:31:01 · answer #1 · answered by fire4511 7 · 2⤊ 0⤋
You're screwed.
That's what cosigning means - that you guarantee the loan, with no strings attached. She's half owner of the car. Unless you buy out her half, you can't get around needing her signature. On the other hand, she also can't sell the car without YOUR signature. Are you SURE your name is on the title?
If you let it get reposessed, the bank will come after YOU for the balance owed.
Any time you cosign a loan for someone, assume that the full amount will be YOUR responsibility, and it's a GIFT to the other person.
2007-06-23 13:36:49 · answer #2 · answered by Anonymous 7 · 0⤊ 1⤋
Wow! I'll bet you never do that again. It may be possible to have a judge order her to either make half the payments or sign over the title. It will cost you about 2K in legal fees but will save your credit.
2007-06-23 15:32:24 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Look at the title. Does it say "John Doe AND Mary Smith" or does it say "John Doe OR Mary Smith"? If it is and, there is nothing you can do without her cooperation. If it says or, go to the DMV and have her name removed before she goes to the tag office and claims a lost title and has your name removed.
2007-06-23 07:40:26 · answer #4 · answered by oklatom 7 · 0⤊ 0⤋
definite it is criminal. Your call is on the vehicle and the own loan and you're to blame for all of it. i could propose contacting chase and the motorcar administration on your state to confirm what you're able to do to do away with your call from the own loan and the identify. you will choose her signature to attain this. i'm entering into the process the comparable technique authentic now. i'm unsure in case you would be waiting to do away with your self from the own loan and identify with the divorce papers or no longer. Is the vehicle particularly stated in any separation papers or divorce papers? you're able to be able to additionally be to blame for the vehicle and coverage if she grew to become into to injury it or have it reposessed. Get your call off of each and every thing as quickly as attainable! solid success!
2016-10-18 11:36:40 · answer #5 · answered by ? 4 · 0⤊ 0⤋
you're screwed. Both names stay on the title until it is paid in full. take this as a lesson, never co-sign friends, girlfriends and especially family.
2007-06-23 07:14:21 · answer #6 · answered by rustang4698 3 · 0⤊ 1⤋
I hope you've learned a valuable lesson. Tough way to learn, though.
2007-06-23 08:56:04 · answer #7 · answered by Anonymous · 0⤊ 0⤋
not as smart as a 5th grader
2007-06-23 07:16:02 · answer #8 · answered by Anonymous · 0⤊ 3⤋