Legal Question in Real Estate Law in Maryland

Force Sale of Joint Property

I entered in to a joint purchase of a vehicle with another person. The vehicle registration and the installment loan is in both of our names. My relationship with the other person is no longer amicable and I would like to find out how I can remove myself from any financial liability for the vehicle. I have requested that they refinance the vehicle solely in their name but their current financial and credit position will not allow for it. Is there a way that I can force the sale of the vehicle?


Asked on 5/07/04, 10:11 am

1 Answer from Attorneys
Robert Sher Wagshal and Sher

Re: Force Sale of Joint Property

I assume the other person is the one using the vehicle and paying the note. You didn't indicate whether you have any actual financial investment in the vehicle, or merely signed on as a guarantor. If you do, and unless the other party is willing to buy you out, there's not much you can do. Since you both legally own the vehicle, neither can transfer ownership to a third party without the other's cooperation. Hopefully the other party will not default on the loan and cause the vehicle to be repossessed, which would adversely affect your credit report. The lender is certainly not going to voluntarily excuse you as a debtor on the loan, at least not until most of the loan is paid off, and probably not then either.

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Answered on 5/07/04, 11:57 am


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