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Exactly what can i really do if we’m Getting Divorced & Cosigned back at My Ex’s vehicle?

You are legally liable for your ex’s truck payments until your obligation to the lender releases the loan if you cosign on your ex’s truck. You agree to be responsible for the payments on the loan if the other person stops making payments for any reason when you cosign a truck loan or other vehicle loan. The mortgage contract is just a lawfully enforceable contract between both you and the lending company. The contract won’t have an exception for issues associated with a divorce or separation.

Loan Agreement vs. Divorce Purchase

A household court judge may enter an order awarding the vehicle to your ex-spouse and purchasing your partner to put on you benign for almost any financial obligation owed from the vehicle.

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