Wednesday, May 26, 2010

My husband and has a car loan and he died and the bank is?

after me i live in california is that possible?



My husband and has a car loan and he died and the bank is?

The previous posters are right and wrong.



When someone dies and leaves debts, their estate is liable for the debts. If your name was not on the auto loan the lender can not come after you personally for the debt. They must go after your husbands estate.



The car would be part of your husband estate.



You need to check and see if your husband bought credit life insurance when he purchased the car. This would pay it off. Gap insurance is for when the vehicle is totaled out or stolen and not recovered.



My husband and has a car loan and he died and the bank is?

since you are married it is considered community property so yes you would be liable. You should check and see if he had GAP insurance. If he had that you can apply to use that to pay off the remaining balance.



My husband and has a car loan and he died and the bank is?

Yep, just like if he had a big bank account but your name wasn't on it, you would still get the money when he died, you still owe his debts after he dies.



My husband and has a car loan and he died and the bank is?

if you are on the loan. yes. other wise tell them to com get it.



My husband and has a car loan and he died and the bank is?

The bank made a loan, they'd like their money.



Sorry for your loss.

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