QUESTION
Will I loose my car if I am not approved for a loan?
Asked on Oct 21st, 2017 on Divorce - New Mexico
More details to this question:
My soon to be ex husband keeps treating to take my car away with a court order if I don't take his name off the loan of my car. If I don't get approve for a loan. He states that with evidence of adultery committed on my behalf on text messages, he can and will take my car away. He makes more income than I do but I can make payments on my car now. I know that the bank won't approve me because the amount of debt collected together is more than what I make for income. He can keep the house we own because I can't afford it but I need my car and as of now with my income, I can afford the car payments.
1 ANSWER
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First off, adultery whether it happened or not is not something that a judge will take into consideratin when dividing property. Taken alone, yes your soon to be ex could force a sale of the car if you cannot get him off the loan, but there are likely several other property and debt issues present, and a good divorce attorney could likely find a way to negotiate for you to keep your vehicle. i would definitely recommend speaking to a divorce attorney, I practice in that area as do others here on Lawyers.com.
Answered on Nov 13th, 2017 at 7:50 PM