If you wish to remove someone from a deed, you will need their consent. This can be done by recording a new deed, which will require their signature. If the person in question is deceased, you will need their death certificate and a notarized affidavit along with the new deed.
You will need to consult with a litigation attorney in your location. It will be necessary to go back to court to prove that you ex no longer has any interest in the SUV. You will need to get a Court Order instructing the Auto Title Bureau to remove her name from the Title to your car.
To remove your co-signer from your car loan, you can ask your lender for a co-signer release. That option may have already be built-in to your contract with your lender. The paperwork on your car financing may state specific conditions under which you can get the co-signer release.
REMOVING AN OWNER'S NAME:
Complete an application for corrected title in full (use form VSD 190). - Each remaining owner must sign the application.
When the title states “and/or” or “or” in the name field, only one person needs to consent to remove a name. If it only contains the word “and,” both parties need to agree to remove any name from the title. Therefore, you'll need to get consent from the co owner.
Whether parties agree or disagree, a co-owner can be removed from title. If the parties reach an agreement, usually involving a payment, a co-owner can transfer their interest by way of a deed.
A cosigner doesn't appear on your car's title. If you have a co-owner, though, you may be able to remove them from the title if the lender has a co-signer release option. If not, you must wait until you pay the loan in full or sell the vehicle to remove them.
If you make enough payments on-time, some lenders will allow you to remove the cosigner name from your loan. Sell the Car and Pay Off Your Loan: If you're not eligible for any of the above options, you can sell your vehicle and pay off the remainder of the loan.
Say you've been awarded the house (or another piece of real estate) in a divorce, and want to know how to get your ex-spouse's name off of the title. The simple answer is a quitclaim deed.
If the title reads AND then your ex will need to sign a number of documents to sell the car- this is specifically to prevent one party from selling the car without the other party's active involvement. If it reads OR then you're good- either party can sell the car as they see fit.
To avoid such complications, it's advisable to establish joint ownership of any vehicle or titled property. Signing a title with “name or name” creates joint tenancy, a legal statue under which either party can claim ownership. This simplifies the process in the event of one partner's death.
If it states “And/Or” you can remove either name without the other person's permission. If the tile states your name “And” the other individuals name, you will need to have their signature and permission to remove any name from the title. Simply have the other person sign the back of the title over to you.
Loan modification costs vary by lender. Does taking one's spouse off the house deed automatically remove them from the mortgage? No, removing a name from the deed does not remove them from the mortgage. The mortgage servicer will still hold both borrowers responsible for the debt.
Once your car loan is completely paid off, obtain a car title lien release from your lender so your state BMV or DMV can put the car title in your name. The lien removal process varies by state and typically involves completing paperwork and paying a fee for the new car title.
If you and your spouse both signed the lease agreement or car loan, you'll both continue to be legally liable for the debt—even one of you will keep the car and continue to make the payments under your divorce judgment. That's because the lender or leasing company isn't bound by the divorce judgment.
You can remove the co-signer by refinancing your auto loan, receiving a co-signer release or paying off the loan. Before removing the co-signer, ensure your credit score is high enough to receive the same or comparable rate if you refinance.
When you cosign an auto loan, you use your name and positive credit history to help a friend or family member get the car they need. While you won't have any legal rights to the vehicle unless granted permission, you must be prepared to cover payments, late fees and collection costs if the borrower defaults.
Some lenders may allow you to remove a co-applicant from the loan if you can provide a valid reason for doing so and show that you can repay the loan on your own. If you are unsure about the process, seek the advice of a financial advisor or a legal professional.
The price to eliminate names from deeds is contingent on many factors like where you live, the legal fees, and the difficulty of the procedure. Generally, it could vary from one hundred to a few thousand dollars. If both parties agree on the removal and there are no legal complications, the cost might be lower.
A co-owner is an individual or group that shares ownership of an asset with another individual or group. Each co-owner owns a percentage of the asset, although the amount may vary according to the ownership agreement.