We co-signed on an auto loan with my partner, and today I want to have my name removed that we are no longer together. He’s had the automobile a year now and contains been on their task over an 12 months, but he will not perform some refinance to own my title removed, and I also want to understand if there will be something lawfully that i could do in order to have my title eliminated.
3 Responses 3
You aren’t likely to such as the solution — the best way to get the title from the loan will be have the mortgage repaid. Unless there clearly was fraud involved (and from your description there was clearlyn’t), the lending company is not likely to allow you to from the hook. The financial institution desires just as much security as it can certainly get. This is exactly why you co-signed into the place that is first.
When you can persuade your ex partner to refinance, which is an alternative choice. After you, unfortunately if he stops making payments, the lender will come.
Whose name is from the motor vehicle name? Whether or not it’s the two of you, your ex lover will have a reason to refinance. Simply tell him you are going to just take your title from the name as he refinances the mortgage in their name alone.
The OP asks this follow-up concern:
Being that my partner was only able to get the motor automobile because of me co-signing would a quitclaim in fact work? Continue reading “Co-signed that loan and I also must have my title eliminated”