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Will your name came off the car title if your car is repossessed?
Wiki User
∙ 11y ago
Your name is probably not on the car title in the first place. When you are paying off a car loan, the title is in the name of the lender. Once the final payment has been made, then the lien is removed, a title is issued in your name and you own it outright.
Of course, if you put your cleared title car up as collateral and have failed to make good on a debt, then it can be repossessed. State law will give you time to buy the car back and pay penalties. Once your time is up, then the car is sold and the new owner takes possession with his name now on the title.
Wiki User
∙ 11y ago
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If your car has your mothers and your name on the title but she is deceased how does this affect you if it is repossessed?
Goes on your credit as a repossession.
Can a car be repossessed with title and no lien on it?
no
Can your car be repossessed if there is no lien holder on title?
no
Can your car be repossessed on a title loan after gone into collections?
Yes, your car can be repossessed if the title loan is in collections. Actually, this is one of the most common ways for a defaulted title loan to be settled.
Can a car be repossessed if there is a lien holder on title but there is no actual loan?
hi
How do you find out if a car you want to buy is being repossessed?
Simple. Ask to see the title. If it has the name of the person selling it, he/she has full ownership. If it has a bank name or another name on it, or they cannot produce the title don't touch it.
After you buy a repossessed car does it stay marked as repossessed as long as it is driven even though it is paid off?
The car isn't damaged, the debtor's credit rating is. There is no permanent record of the car as a repossessed vehicle like there is for a salvaged title.
What can you do if you have a clear title and your car gets repossessed?
If you have a clear title, you car can't be repossessed. Either the title isn't clear or the leinholder believes monies are still owed on the car. If the title is clear, show it to the company authorizing the repossession. If you truly had clear title and there were no leins or other encumberances and a judge didn't declare that the car was to be sold to satisfy OTHER debts, you can sue for damages. If you didn't owe money to the people who had the car repossessed, you should be able to sue them for LOTSA BUCKS, and you definitely should.
What can happen if you don't pay a title loan and you still have the car?
The vehicle can be repossessed.
If a vehicle leased to you is being driven by ex-fiance who refuses to make payments can you get it legally repossessed?
IF her name is NOT on the title, you can just go get your car.
Can your car be repo'ed if you have the title?
IF your vehicle is collateral for loan in DEFAULT, it CAN be repoed.
Does a person who shares the title on a car but who is not on the loan have any legal responsibilities if the car is repossessed?
NONE on the loan.
