|
Joined: Jul 2005
Posts: 1,257
Member
|
OP
Member
Joined: Jul 2005
Posts: 1,257 |
My name is still on my Ex's paid off car. He's remarried. Do I legally need to be concerned? His name was on my old car but when I bought my new car 2 years ago he gladly signed off of mine and we've never dealt with his.
Ronda
Me, 43 DS18, DD12 Divorce final May 10, 2007
|
|
|
|
Joined: May 2000
Posts: 15,150
Member
|
Member
Joined: May 2000
Posts: 15,150 |
I would try to get it off. I would think he would be agreeable.
|
|
|
|
Joined: Dec 2007
Posts: 5,860
Member
|
Member
Joined: Dec 2007
Posts: 5,860 |
As an owner of a vehicle, whether you drove it or not come lawsuit time the lawyers will go after who ever they can. As a owner you are a potential target.
A few years ago some car leasing companies were getting out of the car leasing business. The leasee would get into an accident where there would be major damage. Not just physical but loss of life by wrongful death, huge long term medical care needed to be provided for. Especially when the leasee's car injured a 21 year old person that may live for another 60 years.
So what happens is this 21 is now a paraplegic or lost two limbs or never will walk again. Never hold a job now, etc...
The leasee's insurance may only be the minimum their state requires will not cover the judgment.
So who do the lawyers look to collect money from when the driver can not pay enough? Who ever owns the car. You are a co owner.
|
|
|
|
Joined: May 2007
Posts: 2,531
Member
|
Member
Joined: May 2007
Posts: 2,531 |
Agree with Road and I have another example. My car-pool guy once sold an old car privately. The buyer never went into the MTO to get the ownership changed. I guess they got pulled over for something or another and the cops searched the car and found drugs. Because the car was registered to him, he was charged with possession and traffiking. He got booked and fingerprinted and everything! He beat the charges (he had proof he had sold the car) but it was still a very harrowing and nerve wracking experience.
|
|
|
|
Joined: Jul 2005
Posts: 1,257
Member
|
OP
Member
Joined: Jul 2005
Posts: 1,257 |
Yikes! okay.....so do I just sign off and not request half of the value of the car?
Me, 43 DS18, DD12 Divorce final May 10, 2007
|
|
|
|
Joined: May 2007
Posts: 2,531
Member
|
Member
Joined: May 2007
Posts: 2,531 |
Is there much value to the car? Worth going to court over? Is there anything in your divorce settlement to cover this?
If it were me, unless the car was a valuable antique or Porche, I would eat the cost. The risks are too high to make it worthwhile delaying while you fight with your X over it.
I do recommend that you go into the MTO/DMV (whatever it's called there) WITH your X to make sure your name is off.
|
|
|
|
Joined: Apr 2006
Posts: 297
Member
|
Member
Joined: Apr 2006
Posts: 297 |
I had a car problem with my exH also. When we divorced, he was to re-finance the car loan into his name only and release me from the liability. However, knowing what a lazy, do nothing fella he was, I had it written in the settlement agreement that he had 90 days in which to re-finance the car, and/or if he missed 3 car payments and I had to pony up to keep my credit safe, I had the right to repossess the car, pay off the loan and sell it and keep all proceeds.
That's exactly what happened. My ex was arrested, and the car impounded. The sheriff showed up at my house with a notice that the car was going to auction because no one claimed it at the police auto pound. I had to pony up $775 to get it out of the pound, and then I called the loan company. He had missed two payments and was working on the third when I called. I had to come up with the late payments, and pay the rest of the outstanding loan (to the tune of $4,100)to keep the car from being repossessed and my credit getting whacked. Then I got the title, forged his signature (I don't recommend this particular plan of action, but I had no choice - he was in jail)and sold it for $3,900. The $200 loss I took was well worth the peace of mind.
Laura
Older But Definately Happier and Wiser
|
|
|
|
Joined: Jun 2003
Posts: 1,194
Member
|
Member
Joined: Jun 2003
Posts: 1,194 |
I'll add that I don't consider this to be an off-topic issue at all.
Me: 48 XW: 44 DD: 15 Lived Together: 7 Married: 18 Total: 25 years W announced divorce 11-3-2006, I moved out 11-7-2006, served papers 11-8-2006. Divorce final 12-19-2006. Life gets better every day.
|
|
|
|
Joined: Mar 2005
Posts: 363
Member
|
Member
Joined: Mar 2005
Posts: 363 |
Another variation to Tabby's example: Car is stolen and used for robbery: your name is on it too.
|
|
|
|
Joined: Jun 2002
Posts: 1,717
Member
|
Member
Joined: Jun 2002
Posts: 1,717 |
Yikes! okay.....so do I just sign off and not request half of the value of the car? Yikes! Now you're talking attorney. He signed off on yours, why not just sign off on his. You likely have to get a new title. Tell him you will gladly do the runaround and pay the fees so it will be no inconvenience to him. Also make sure the lien holder is removed from the title. This is often forgotten after the car is paid for.
ba109
|
|
|
Moderated by Ariel, BerlinMB, Denali, Fordude, IrishGreen, MBeliever, MBsurvivor, MBSync, McLovin, Mizar, PhoenixMB, Toujours
0 members (),
117
guests, and
69
robots. |
Key:
Admin,
Global Mod,
Mod
|
|
Forums67
Topics133,621
Posts2,323,490
Members71,963
|
Most Online3,185 Jan 27th, 2020
|
|
|
|