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    mhusom's Avatar
    mhusom Posts: 3, Reputation: 1
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    #1

    Oct 9, 2008, 05:09 AM
    Co-signers on titles
    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's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #2

    Oct 9, 2008, 05:44 AM
    Quote Originally Posted by mhusom View Post
    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's Avatar
    mhusom Posts: 3, Reputation: 1
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    #3

    Oct 9, 2008, 06:53 AM
    Yes it's a car!
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #4

    Oct 9, 2008, 07:25 AM
    Quote Originally Posted by mhusom View Post
    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.
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