Only if someone stole it from the owner. Otherwise the car is just repossesed by the finance company.
No.Another View: The police may retain any items found in the car pending proof that they actually are your property.REMEMBER: The car was reported stolen... and then it was recovered and impounded. The perpetrators MAY have used the vehicle during a crime spree and stashed their stolen goods in the car. The owner of the stolen vehicle would not be the beneficiary of the stolen goods just because they were in his vehicle. and they may have to present proof that the items found in the car actually belong to them.
IF the car was stolen, reported as stolen to the cops, the ins. should be paying the loan off. IF the ins. co. does not think the car is stolen, they wont pay and its as if the car was NOT stolen. So, you have to pay notes and insurance on the collateral. Bottom line??? HELP the ins. prove it was stolen and the problem will go away. MERRY CHRISTMAS.
If a finnancing reposesor has takin the car, and it was stolen from him. it would be listed as a stolen vehicle by the local police. when found would be immediately towed and impounded. until the "OWNER" of the car retrieves it.. Wich means the bank, or financing company that the car was bought from.
It was a mistake to purchase a vehicle in Ohio that did not come with a title. Ohio vehicle owners can easily replace lost titles. Since this wasn't done, it can only be assumed that you purchased a vehicle that may have been stolen in some way (stolen & reported, stolen & not reported, or a self assembled car that was never inspected by the Ohio Highway Patrol)
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