We co-signed on car finance with my partner, and from now on that people are not any longer together I would like to have my title eliminated. He’s had the vehicle a 12 months now and contains been on their work over an 12 months, but he will not perform some refinance to possess my title eliminated, and i also want to understand if there will be something lawfully that i am able to do in order to have my title removed.
3 Responses 3
You aren’t planning to like the response — the best way to get the title from the loan would be to have the loan paid down. Unless there clearly was fraud involved (and from your own description there clearly wasn’t), the financial institution is not planning to allow you to from the hook. The lender desires the maximum amount of protection as it could get. That is why you co-signed into the place that is first.
If you’re able to persuade your ex lover to refinance, which is another choice. If he prevents making payments, the financial institution should come when you, regrettably.
Whose title is regarding the motor automobile name? Whether or not it’s the two of you, your ex lover shall have a reason to refinance. Simply tell him you will just take your title from the name as he refinances the mortgage in the title alone.
The OP asks this follow-up concern: