Ask Experts Questions for FREE Help !
Ask
    PDatcher's Avatar
    PDatcher Posts: 1, Reputation: 1
    New Member
     
    #1

    Aug 21, 2010, 08:15 AM
    Can I take a car for which I signed in Maryland
    Can I take a car for which I cosigned. I am in Maryland. Whenever the individual does not
    Pay the car note, the bank takes it out of my account.
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
     
    #2

    Aug 21, 2010, 08:21 AM

    Hello PD:

    Nope. You BOTH own the car, and he's entitled to it just as much as you are. You CAN sue him, though, for all the good THAT'S going to do.

    excon
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
     
    #3

    Aug 21, 2010, 08:47 AM

    I will disagree but agree,

    A co/signer does not even own the car unless you had your name also put on the title, a co/signer merely owes for the car if the signer does not pay.

    If you are listed on the title as joint owner, you may go and get your car, since you also own it. But then they can come and take it back, since they also own it.

    If you are merely a co/signer you can not touch their car but would have to sue them.

    You said they are taking it out of your bank, did you give them persmission to do this ? Did they get a judgement, if they did, and listed you, that means they also ruined your credit.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Lithograph of sf cable car signed 74/260 D Suarez [ 2 Answers ]

I have a 20" w x 24 'h lithograph of a san francisco cable car signed by D Suarez limited 74/260 can't find anything out about it on the net just want to know if anybody can tell me how old it is and what it would sell for in today's market thanks Jimmy

Signed car loan [ 4 Answers ]

I just went and bought a car on 10-13-08. I signed all the paperwork, put my deposit down and they handed me the keys and said congratulations. Now on 10-18-08 the finance man called and said I need to put more money down or they will not put the loan through. Can they do this after I signed the...

Co-signed a loan now my son is not paying for the car I am [ 1 Answers ]

I am curious to know what my legal rights are. The situation is my son was unable to get approved for a loan on a vehicle. I signed with him and he has since missed payments that I have made to insure my credit line. What are my options? I live in Tennessee

Co signed car loan and title [ 12 Answers ]

I cosigned on an auto loan with our daughter. The car title and loan are in both of our names. She is going to move out and has been unreliable in making payments. I have had to bail her out more than once. I want her to either get the loan and title in her name alone or turn in her car. She...


View more questions Search