by Heather on October 21st, 2009

Heather

Question

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If a vehicle was awarded to me in my final divorce decree, but my ex-husband had taken a loan out with that vehicle used as collateral, what happens? The loan is in my ex-husbands name only. Will I be unable to sell this vehicle once I change the title?

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Answers. 2 helpful answers below.

  • by HasntBeen on October 21st, 2009

    HasntBeen

    It sounds like he cheated: he was not supposed to encumber the property with a loan until the divorce settlement was done, and he was supposed to declare the loan if it existed before separation. So now you have a loose end -- the settlement is done, but it's based on false information. You'll need to talk to a lawyer.

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  • by jackpipe30 on October 21st, 2009

    jackpipe30

    The lien on the vehicle must be satisfied before you can transfer ownership.

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