Q: Is a notarized document legally binding?
My daughter is paying off a car loan that is in someone else’s name. The other person said they will sign over the title once the loan is paid and they receive the title. I don’t want her to pay off the loan and the other person get the title and not transfer to her. They then will have a free car and she’ll be stuck paying a loan that she took out to pay off the car loan.
A: She needs to have the other person sign the car over to her, and she pays for her own car. The best way is for her to buy the car loan, as it were, by getting a loan in her name. Yes, a document that is under seal is binding, but the wording would have to be clear and even then if the person doesn't give her the title or if that person drives the car into a light pole she isn't protected.
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