0
Can a car be repossessed if there is a lien holder on title but there is no actual loan?
Wiki User
∙ 11y ago
hi
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
Can your car be repossessed if there is no lien holder on title?
no
Can a car be repossessed with title and no lien on it?
no
Does the lien holder of a vehicle have the title?
No it does not
If the loan for a vehicle is in one person's name and the tite in another's what are the rights of the person on the title if the vehicle is repossessed?
None, unless the person who is named on the title chooses to make an agreement with the lender to refinance the car in their name. A title which has a lien against it does not confer ownership to the title holder. The vehicle belongs to the lender/lien holder until the loan agreement is paid.
Can a lienholder repossess a car if it is titled to another lienholder?
When there are multiple liens on a car, it is possible for either lien holder to repossess it. However, one lien holder is normally in the first position and the other one is in the second position. The one with his name on the title is normally the one in the first position and is the one who gets paid first when a car is repossessed, no matter who does the actual repossession.
What happens if you do buy a car or motorcycle that has a lien against it and you want to register it and you got the car with a bill of sale?
you will have to find out who has a lein on it have them fill out a fourm of lein satisfy. In most states a lien holder is recorded on the title and the lien holder will keep the title until the lien is paid off. After the lien holder is paid off, they will sign the title to release the lien and give/send the title to the owner. The title office can tell you who has a lien on the title.
How do you find lien holder on vehicle?
To find the lien holder of a vehicle, the registered owner of the vehicle will have to apply for a duplicate title. The VIN will be necessary to obtain the duplicate title. The lien holder will be listed on the duplicate title.
Who is responsible for hail damage that happened while a car was repossessed?
The owner of the car listed on the insurance policy.
How do you you get a clear title if the car was repossessed?
Repossessions do not show up on titles, however, they do show up on auto history reports. If there is a lien holder still on the title you will need to get them off by going to your local DMV.
What can be done when the lien holder has repossessed your mobile home but has not removed it from your property?
CHARGE THEM STORAGE
What do you do if a car title has a lien on it and the title is lost?
Apply for a replacement or duplicate. You can apply for a replacement, but the title will most likely be sent to the lien holder. If that happens, you need to call the lien holder to let them know that it will be coming and to let you know when they get it. If it is sent to you, then you will need to take it to the lien holder and have them sign off on it again.
Can i Put a lien on a vehicle to get my name on the title?
A person or a company that puts a lien on a vehicle is a "lien holder" that is on the title. It is not recognized as ownership.
