Cosigning issue?
Answers:
You have every right to sell the car. But it's going to depend on how the title is worded.
If it says you "and or" your mom, then you can sell it without her signature. If it says you "and" your mom, you will need her to sign the title as well as you.
So if it's worded "and" and your mom does not want to sell the car, you are stuck until the loan is paid off.
The other thing that is going to come into play is the payoff verse what the vehicle is worth. If there is still 50% of the loan left, you more than likely owe more on the vehicle then it's worth. Go to N.A.D.A.com or K.B.B.com and book out the vehicle before you try and sell it and you will have a idea where your at.
I feel sorry for you, I know I would never think that my mom would do something like this.
Good luck.
Unfortunately, that's the risk that you take when you agree to cosign. It sucks big time, but I hope that things will work out for you.
You have every right to sell this car and start repairing your credit, Your Mother promised to pay this back and should have knowing you had co-signed for her. Now, the problem with selling it, is you want to make sure you sell it for enough to pay off the entire loan. If not they can make you pay the difference.
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