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Question
I cosigned a loan for my ex-wife but its not in the divorce. She is 66 days past due and the lender is about to reposess the vehicle. She has asked me to catch the payment up and I will never hear anything out of her. I know this will not clear me of my obligation to the finace company but is there anyway that I can have her sign something that states if she goes 10 days late that I can take posession of the car. My name is on the title as well but she is primary.
Submitted: 18 days and 10 hours ago.
Category: Legal
Value: $18
Status: CLOSED
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State/Country relating to Question: Georgia
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Posted by
FLandNYLawyer
18 days and 10 hours ago.
Answer
Hello,
Thank you for your question.
Your ex wife can sign an agreement whereby she agrees to transfer the car to your name in the event she is late on the payments.In the event you need to enforce the agreement, you will need to file a court action to transfer the title.
18 days and 10 hours ago.
Reply
What needs to be done to make the letter legal.
Accepted Answer
Hello,
simply put the terms of your agreement in writing and have your wife's signature notarized.
Expert:
FLandNYLawyer
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Answered:
11/4/2009
Attorney
20 years of private practice
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