Car purchased in my mother's name

by Donna

My mother signed for her boyfriend to get a car because his credit is horrible and now she is dying. What will happen to the car.

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Jul 17, 2012
Car purchased in my mother's name
by: Debtcollectionanswers

If payments on the car stop, the car will be repossessed. If the car has not been repossessed at the time of your mother's death, the lender will be entitled to file a claim against her estate, which is simply all of the assets she owns, and the balance due on the loan will be paid out of those assets. Alternatively, the executor (or administrator) of her estate can give the car back to the lender at which point the lender will sell the car and apply the proceeds to the outstanding loan balance. If the car does not sell for enough to pay off the loan, the lender can try to get the balance paid by your mother's estate. If there is not enough in the estate to pay the balance, the lender will be out of luck.

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