Legal Question in Credit and Debt Law in Texas
Co-Signer/Co-Owner Rights
I am the co-signer AND co-owner of a vehicle. My name is on the title along with the person I co-signed for. Who is the legal owner if I have made ALL the payments so far? (21 so far). She has made none. I've also paid all the insurance. I can prove that I have made all the payments. The loan is in her name with me as the co-signer.
Asked on 6/29/05, 11:06 am
1 Answer from Attorneys
Peter Bradie
Bradie, Bradie & Bradie
Re: Co-Signer/Co-Owner Rights
With both names on the title, as a matter of law each of you own an undivided one half interest. Since you've made all the payments, you have an equitable interest as well.
Answered on 6/29/05, 11:38 am