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mhusom
Oct 9, 2008, 05:09 AM
Can a co-signer still put their name on the title a month or so later even if the buyer is fine with it?

JudyKayTee
Oct 9, 2008, 05:44 AM
Can a co-signer still put their name on the title a month or so later even if the buyer is fine with it?


The title to what? A car - I would guess.

mhusom
Oct 9, 2008, 06:53 AM
Yes it's a car!

JudyKayTee
Oct 9, 2008, 07:25 AM
yes its a car!


If the finance company/bank has a lien you cannot change the title - in NYS at least. You cannot change ownership (which the title does) until the loan is paid.

I don't know if the finance/bank would rewrite the loan and add the new name - I suppose that's an option.

If the loan goes into default the bank wants to move against the debtor/owner - so you can't add another person.