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Yes, but typically the loan "originator" remains responsible unless the actual loan is transfered to the new purchaser. Letting someone "take over payments" on your loan is a very bad idea. If there should be an accident, the title is still in the sellers name and they remain ultimately responsible. I have had parents pay cash for a car for their kids and place themselves as the lienholder. Legally they can't be sued if there is an accident and the kids can't sell the car without the parents signing over the title.
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Can someone take over car payments in a vehicle sale in Texas?
Yes
Massachusetts bill of sale Vehicle?
State approved motor vehicle bill of sale forms can be obtained at your local tag office.
If a bank reposesses someone's vehicle where do they sell the repo cars?
If a bank repossesses someone's vehicle they will often sell it. Smaller banks or credit unions usually put the cars up for sale on their own lots using "For Sale" signs. Majority of the bigger banks or credit unions hand over the cars to a professional auto auction company.
You want to put your car up for take over payments how do you do that?
Put an add in your local for sale and want adds, and advertise it as take over payments. BEWARE , there are some people who may say they will pay and wont but you will still be liable for the payments. Get the transaction in writing.
Is it illegal to have someone take over you mortgage payments in Kentucky?
No it's not illegal to take over someone Mortgage Payments. But some people wont do it because they are scared of the Due Or Sale clause which menas that banks can demand payment in full when they find out a transfer in ownership been made. As long as you have the deed transfered over and the owners gave you FULL authority to take over mortgage, and all paper work is filled out signed by both parties there shouldn't be a problem.
If you have a contract with someone as a private sale and they are now three payments behind what do you need to do to recover this vehicle in Texas?
http://www.panhandlerecovery.com Barry can likely help you Did you have a contract signed between the two of you? Did it state that you could repossess it if they didn't make the payments? If not, you probably need to go visit the courthouse and prepare for a lawsuit against the person you gave the car to.
Where does one purchase motorcycle trailers in Indiana?
When you are purchasing a vehicle, you should confirm the location and possession of the vehicle's title. If you have purchased the vehicle from a dealer, and have made all required initial payments, the dealer is required to deliver the title to you within 21 days of the date of the sale. If the dealer cannot deliver the title at the time of sale, you may request a 21-day affidavit from the BMV which the dealer is required to sign stating that he or she will deliver the title for the vehicle to you within 21 days of the date of sale.
Do you still have to make payments after returning a car?
Making Payments After Returning a CarNo, you do not have to make payments HOWEVER.....once they sell the car you still owe the left over balance. Just because you don't have the car anymore DOSEN'T mean you didn't borrow the money #2No you do not have to make payments after returning a car as long as you are ok with having a repossesion on your credit history and as long as your ok with the finance company filing a judgment against you for the amount left owed after the sale of the returned vehicle.
What do you do if someone stole your vehicle and forged your signature on the title and bill of sale?
You should contact the police immediately and file a report.
Can you sell your car with payments left on the loan?
Someone cannot sell his car if there are still some pending payments on a loan. It is however possible to enter an agreement with the financier so that the remaining payments can be financed by part of the proceeds from the car sale. An extra interest payment may be charged for that.
Can you sell your vehicle with a bill of sale?
You can sell your vehicle with a bill of sale. The title office will except a bill of sale as proof of ownership and payment.
Where can someone purchase a used Audi S6?
A used Audi S6 can be purchased from a number of places. Audi dealerships in one's local area could possible have this vehicle for sale. One could also find this vehicle for sale on bidding websites such as eBay.
