Yes, they would obviously know about it. When a title loan company offers you a title loan, it will check the car title well in advance. When it checks the title, it will easily come to know about any liens.
The Auto Title Loan, also known as the "pink slip" in the US, is issued where the car owner uses their vehicle as collateral for a loan. Information regarding this can be found at the website of any company offering such loans.
You will find auto title loan companies in your community. Take the title to your car with you and talk to them about a loan. Your car title will be your security for repaying the debt. Just be ware if you do not, they can repossess your vehicle.
You have the title company write up a "quit-claim deed" for the property. You need to sign it and then the person you want off the loan has to sign it (but they MUST have it notarized), then it can be mailed back to the title company for completion.
The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.
Normally you can. You will have to get the Lender on the Second Mortgage to "SUBORDINATE" the loan for you. They may charge a small fee to do so. Your Title company can help you.
Not without a release from the loan company.
ONLY if you can find someone to buy it without a title. NO buyer, NO seller.
No they can not!
A good company to find a car title loan is 1-800 Loan Mart. They provide a 1-800 number on the website to answer any questions that you may have. You can also pre-qualify for a loan on the website.
Typically you need a car with insurance to get a title loan. If your car is totaled, the loan company are entitled to that money since they hold the title for your car.
Certainly.
They can only repossess the vehicle which was on the loan agreement. Taking any other vehicle is theft.
If you have defaulted on the loan, you must sell the vehicle, pay off the loan you have, receive a lien release on title from the loan company and sign it ovet to the buyer. This is bad situation as most people will not pay for a vehicle with out receiving the title at the time of purchase.
Yes they can
Why would they NOT be able to repo a car they purchased the title to? READ your contract.
New York is a big state. There's Fidelity National Title in Albany, but you need to be more specfic to find one near you.
The Auto Title Loan, also known as the "pink slip" in the US, is issued where the car owner uses their vehicle as collateral for a loan. Information regarding this can be found at the website of any company offering such loans.