Legal Question in Credit and Debt Law in Connecticut

Car Reposession

Hello,

I'm in a situation where my 21 year old step daughter is faulting on her auto loan. I am a co-signer on the loan and the car is registered in both her & my names. I would like to take the car away and sell it.

Can I do this without getting into legal trouble.

Thanks in advance for any help you can give

Dave Layok


Asked on 5/04/02, 9:50 am

1 Answer from Attorneys

Thomas Noonan Attorney Thomas F. Noonan L.L.C.

Re: Car Reposession

Dear Dave: This is difficult to answer because the title to the car, not the registeration, determines the ownership of the car. Usually a car that is in more than one name is either "in common" (name and name) or jointly with right of survivorship (name or name with right of survivorship or as joint tenants with right of survivorship). This means that in the first example both signatures are required; in the second, only one. However, most people will not buy are car in the second example without both names on the title and regristation. It is not just a simple matter of taking the car and selling it. You will most likely have to get your step daughter's signature to transfer. There are other ways to force a sale if there is a repossession pending, but they are to complicated to review in this matter. I would contact an attorney to review the paperwork and give you specific advice. Thanks, Tom Noonan

Read more
Answered on 5/06/02, 9:57 am


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in Connecticut