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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: They dont care Posted by SeanW on April 13, 2003 at 10:29 PM In Reply to: Re: They dont care posted by Bill H on April 13, 2003 at 11:23 AM ::Slight little problem that if you do not change loss payee and then the property is destroyed--you lose Agree this is a risk... lender would have a tough time prying that insurance payoff from the hands of an ex-owner, who has a known tendency to be insolvent. Who knows where litigation would lead. Although, this is exactly what I did with my last car when I bought it. (Out of state tax dodge) Title in name of a parent, loan and insurance in mine. The lender knew I was doing this, but didn't care. They just wanted to know the loan was insured by collision. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : ::Slight little problem that if you do not change loss payee and then the property is destroyed--you lose : Agree this is a risk... lender would have a tough time prying that insurance payoff from the hands of an ex-owner, who has a known tendency to be insolvent. Who knows where litigation would lead. : Although, this is exactly what I did with my last car when I bought it. (Out of state tax dodge) Title in name of a parent, loan and insurance in mine. The lender knew I was doing this, but didn't care. They just wanted to know the loan was insured by collision. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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