Legal Question in Credit and Debt Law in Georgia
My father in law past 1 1/2 years ago and had a car from chrysler financial in his name only and now a year and a half later they want my mother in law to refinance it into her name, if she let them come and take it will her go against her or will it go against his estate (her) ? the car is not worth what she owes on it and hate to see her finance 20000 on a car thats worth 9000. All of the notices to debtors were done by her attorney, and they are just now wanting her to do this. I dont understand.
1 Answer from Attorneys
There is not much to understand. The vehicle can either go back to the lender (and probably should have long ago), or she can basically purchase it via refinance or offer at current value (which they probably would not do). If she gives it back, the lender likely has a claim against he estate, but we have no idea where the estate stands. Keeping the vehicle and not paying for it is not an option.