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Deanna Said:

What documents do I get at a home purchase real estate closing?

We Answered:

Although some people can do a transaction like yours without a lawyer's assistance, you should consider employing a real estate attorney to help you. Please take no offense to this answer, but your questions suggest that you do not have enough experience with this type of transaction. Once you have gone completely through a transaction or two, then you you will know the dynamics of a condo purchase transaction.

You do not want to pay good money and not get what you expect.

Allison Said:

How do I transfer a title on a vehicle if I dont have a license in the state of Texas?

We Answered:

Insurance should have nothing to do with a title transfer. You need insurance to register the car but not to title it.

Stephen Said:

my sister once forged my name and got her son insurance fraudulently by using my identity without my knowledge?

We Answered:

Not to mention that insurance bought this way has absolutely no value at all.

Steven Said:

GF totaled van I rented from agency - who's insurance pays and...?

We Answered:

Did you have an actual paper rental contract or a verbal contract? Was this a "loaner" or an actual "rental"?
Does the body shop's commercial auto policy allow for loaning the vehicle to customers? This can make a difference. Was your GF a driver listed on the contract or not? If she was not a listed operator on the rental contract, there is no coverage anywhere due to nonpermissive use (only the vehicle OWNER can give permission for someone to drive the vehicle. The owner is the body shop, not you). Does she have a policy in HER name or is she only listed as a driver? If she is only listed as a driver on her policy, then, NO liability coverage would come from her policy to a nonowned vehicle.
The best thing to do is to report the accident everywhere, all insurance companies that could be involved. Hope the accident is covered somewhere. Was she at fault? Did she cause damage to someone else?
Good luck to you.
BTW, if the body shop's commercial policy pays out, they will subrogate against probably both of you for the damages to the rental, they will go after both the damages to the vehicle and the body shop's deductible.

Claude Said:

Is it legal to physically notarize a vehicle Title?

We Answered:

if there is a spot for it to be notarized then it must be notarized!!!!! if ther is no notary required then just write up a bill of sale & have that notarized. second you can take title in your name as "title only" , as long as your not driving it. Once you put it on the road then it needs registered.

Johnny Said:

Hi... I'm wondering... I am going on my parents' insurance,?

We Answered:

they might not accept u if ur credit isnt good and ur parents insurance will go up if u get on with them

Tony Said:

Can they put a repo on your credit if the car was signed over to insurance by the finance company?

We Answered:

Unfortunately, these fees are your responsibility. Personally, I would demand an explanation of these fees and make sure that they are consistent with your finance contract. But I do suspect that they will be in there.

The basic issue is this. Both the bank and the insurance company have a business relationship with you, not each other. As far as the bank is concerned, the insurance company does not exist. As far as the insurance company is concerned, the bank does not exist. They both work through you. So when the car was totaled, the insurance company paid out according to your contract with them. And is actually sounds like they did. And the finance company assesses all charges that are appropriate under your finance contract. Whatever the bank charges but insurance does not covered, is in fact your responsibility as the borrower.

Think about it like this. You loan you friend $100. You agree that if he defaults on the loan or something else happens, he owes you $105. Well he defaults on the agreement and your demand your $105. He convinces someone else to repay you the $100. But you're entitled to the $105. Your friend still owes you 5 bucks. You don't care where it comes from. But your friend is responsible for it.

Personally, I would pay the $1,200 and consider it a blessing. Since you say that you were super upside down on the loan, I'd imagine that the gap insurance saved you much more than this. If yo don't pay, it probably won't go on your credit as a repo, but it will go as a bad debt and will haunt you for a long time. Get in front of this now and save yourself a lot of aggravation.