Yes, they can be removed from the title although there isn't much point to the action if the vehicle is subject to BK seizure. However it is not possible to be removed from the loan agreement. The cosigner will likely be obligated to pay the outstanding debt.
If the loan is paid off, the lender will give you a lien release. With that release in hand visit your local DMV to have the cosigner removed.
IF YOU LEGALLY REMOVED THE COSIGNER FROM YOUR CAR LOAN,TITLE AND ALL. IT NOW BECOMES A CIVIL MATTER,WITH EVIDENCE ON HAND A LOCAL SHERIIFF'S MIGHT BE HELPFUL SINCE THEY HANDLE CIVIL MATTERS. I DON'T FORSEE ANY PROBLEMS IN ACQUIRING YOUR VEHICLE.
If you go to the registration office with the primary and have them give consent to the cosigner
Is their name on the title? It sounds like your asking about a loan problem. That's between you and your bank. No, persons named cannot arbitrarily be removed from the title of a vehicle. The exact wording of the title detemines what action any person named on the title can take in regards to the selling, trading, partitioning, etc. of the vehicle.
The title has nothing to do with the loan. The loan will need to be refinanced using a different cosigner or only the primary borrowers.
The only option is for the loan to be refinanced without the particpation of the present cosigner.
yes.
Cosigner just means someone who guaranteed the note. What's on the title? If the cosigner is on the title, he/she is entitled to half of the proceeds of a sale or insurance liquidation because it's the TITLE that determines the ownership, not who paid for it.
go to the bank or wher ever you got your loan have them sign off the title then go to the bmv and submit the title and it should come back with out the lien holder and cosigner on it
In most states, yes, the lender is actually the 'owner' until the loan is paid off and can require that the cosigner be on the title.
The cosigner of the loan owns 1/2 of the property if they are on the title.