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I guess there are some lenders dumb/careless enough to NOT prefect a lein. In case yours is NOT one of them, YES. If you signed a contract using the car for co;;ateral and are in default of that contract, the lender can repo. Good try.

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โˆ™ 2015-07-15 18:34:05
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Q: Can the lender repossess the car if you have a clear title in your possession?
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Related Questions

How do you repossess a car that your child was supposed to repay but that you took out?

IF your name is on the TITLE, you go get it. If not on the title, call the lender and make arrangements for them to repo so you can have possession of the car.


Car not paid for but i have car title?

You have the title, but I bet on that title the lender you own money to is listed as the lien holder. He can repossess the car at any time if you miss payments. Having the title means nothing.You have the title, but I bet on that title the lender you own money to is listed as the lien holder. He can repossess the car at any time if you miss payments. Having the title means nothing.


Can a lien holder repossess your car if you have a clear title?

sure can if they have a title too


When lender holds loan is title still considered clear?

No.


Can a co-signer for a car repossess the car for non-payment and or failure to maintain insurance?

NO, a co-signor cant repo anything. IF your name is on the TITLE as co-owner, you can take possession. NO name on the title, all you can do is work with the lender and take care of it that way.


What does it mean to be a title theory state in Michigan?

In a title theory state when a property owner grants a mortgage they actually convey the title to the lender or a trustee until the mortgage is paid off. The conveyance is conditional: If the mortgage is paid off the lender releases the property; if the mortgagor defaults the lender can take possession of the property by foreclosure and sell it.In a title theory state when a property owner grants a mortgage they actually convey the title to the lender or a trustee until the mortgage is paid off. The conveyance is conditional: If the mortgage is paid off the lender releases the property; if the mortgagor defaults the lender can take possession of the property by foreclosure and sell it.In a title theory state when a property owner grants a mortgage they actually convey the title to the lender or a trustee until the mortgage is paid off. The conveyance is conditional: If the mortgage is paid off the lender releases the property; if the mortgagor defaults the lender can take possession of the property by foreclosure and sell it.In a title theory state when a property owner grants a mortgage they actually convey the title to the lender or a trustee until the mortgage is paid off. The conveyance is conditional: If the mortgage is paid off the lender releases the property; if the mortgagor defaults the lender can take possession of the property by foreclosure and sell it.


Are you obligated for the mortgage if your name is on the title?

You are obligated for paying the loan if you signed the mortgage. If your name was added to the title after the mortgage was granted then you received your interest subject to the mortgage. If it isn't paid the lender will take possession of the property by foreclosure. If your name was on the title prior to the mortgage and the lender didn't have you consent to the mortgage then the lender made a big mistake and can only take possession of the interest of the person who did sign the mortgage.You are obligated for paying the loan if you signed the mortgage. If your name was added to the title after the mortgage was granted then you received your interest subject to the mortgage. If it isn't paid the lender will take possession of the property by foreclosure. If your name was on the title prior to the mortgage and the lender didn't have you consent to the mortgage then the lender made a big mistake and can only take possession of the interest of the person who did sign the mortgage.You are obligated for paying the loan if you signed the mortgage. If your name was added to the title after the mortgage was granted then you received your interest subject to the mortgage. If it isn't paid the lender will take possession of the property by foreclosure. If your name was on the title prior to the mortgage and the lender didn't have you consent to the mortgage then the lender made a big mistake and can only take possession of the interest of the person who did sign the mortgage.You are obligated for paying the loan if you signed the mortgage. If your name was added to the title after the mortgage was granted then you received your interest subject to the mortgage. If it isn't paid the lender will take possession of the property by foreclosure. If your name was on the title prior to the mortgage and the lender didn't have you consent to the mortgage then the lender made a big mistake and can only take possession of the interest of the person who did sign the mortgage.


Is it legal for the lender to repossess a vehicle after you made arrangements and they accepted a payment?

it is legal, until it is paid for 100% and you have a title it belongs to them.


If you have the title to your vehicle can the bank still repossess it?

If there is money owed to the lender with the vehicle used as collateral, the lender will be shown as a lien holder on the title and can if the contract is defaulted recover the vehicle according to the laws of the state in which it is registered. yes


If lender mistakenly signs over auto title to borrower and borrower sales title who is libel?

A borrower should not have a title in their possession that they have borrowed money against. This belongs with the lender. Should the borrower sell the car, they would be libel.


Your car company has paper work stating that your car was repossessed and sold at auction but in reality you still have possession of the car because they did not want it how do you get the title?

A title will only be given to the borrower when the financial agreement has been paid in full or the lender has accepted a different agreement offer. A clear title cannot be issued to the borrower until the lender/lien holder signs it over.


What if co-signed for a vehicle and the other person went to jail and he is still on the contract how can you get his name off you have the vehicle and have been making payments?

You need to bring a lawsuit and ask the court to order the title be transferred to you. You need a copy of the note that you signed and proof you have been making the payments and for how long. The lender must be in possession of the Certificate of Title. You will need a court order to transfer the title to your name with the help of the lender and it will be up to the judge.You need to bring a lawsuit and ask the court to order the title be transferred to you. You need a copy of the note that you signed and proof you have been making the payments and for how long. The lender must be in possession of the Certificate of Title. You will need a court order to transfer the title to your name with the help of the lender and it will be up to the judge.You need to bring a lawsuit and ask the court to order the title be transferred to you. You need a copy of the note that you signed and proof you have been making the payments and for how long. The lender must be in possession of the Certificate of Title. You will need a court order to transfer the title to your name with the help of the lender and it will be up to the judge.You need to bring a lawsuit and ask the court to order the title be transferred to you. You need a copy of the note that you signed and proof you have been making the payments and for how long. The lender must be in possession of the Certificate of Title. You will need a court order to transfer the title to your name with the help of the lender and it will be up to the judge.


Can a car title have a lien typed on it but it is all clear?

It's only clear if it's stamped clear and/or you have the release signed by the bank or lender.


Can you take out a loan if you own the car and have the free and clear title and want to use the car as your collatoral?

You can you take out a loan if you own the car and have the free and clear title by going to a high-risk lender. This type of loan is called a title loan, and the lender will put his name on the title to your car until the money is repaid.


If you have a boat that was listed in a bankruptcy that the lender never repossessed what can you do with it 10 years later?

Nothing unless you receive a clear title of ownership from the lender.


Can someone repossess your land via adverse possession if you have the allodial title to the property?

Allodial title is inalienable. That means it cannot be taken by any operation of law for any reason whatsoever.


Does the lender have to have a lien on the title to repossess?

No, they just have to have proof you borrowed money and used the car a collateral for the loan. The contract you signed promising to pay them back is that proof.


Can title loan company repossess your car in another state?

Yes. The lienholder is the rightful, legal owner of the vehicle, and can take possession of that vehicle anywhere.


Repo question state of nm title co in Ca went into default due to economy am in oil and gas industry Laid off and unable to pay lender not on title as lienholder can they repo vehicle?

Simple answer: in the state of New Mexico, if you default on your vehicle loan, and are not able to bring the payments current, the lender has the right to take possession (to repossess) the vehicle. You can try to contact the lender and see if they will make some sort of arrangement. Unless you do this quickly, though, it is unlikely they will work with you, and you may be asked to surrender it voluntarily.


Car title is in two names what happens if one files bankruptcy?

If the loan note is not reaffirmed, the lender may choose to repossess the vehicle once the stay is lifted, unless the car is excluded from the BK and the payments remain current. In the event of default, the other party may reaffirm at any time with the lender. It is a good idea for that party to have possession of the unit though.


How do you get a clear title after you get done paying a car loan off?

Get a lien release from the lender and take it to the DMV.


What is the procedure for getting a release of lien on an automobile?

Pay off the loan and the lender has to furnish a clear title.


Clear car title car for repossessed car?

098765445436376547274574 After the vehicle is repossessed and the lien holder (lender) has physical possession of the vehicle (after following state law requirements) they would simply request, and pay for a new title at a cost of a few dollars, and upon proper proof of a proper repossession.


Can you repossess a car with the title and loan in your name driven by your daughter if she is not making payments?

Yes. If daughter is nowhere on the title or loan, it is called third party possession. If she is a co-signer, it is called taking your turn driving it.


Can an original buyer repossess a car after a verbal agreement which is in the first month of default for nonpayment?

IF your name is on the TITLE as buyer or cobuyer, you have the right to POSSESSION. Do you know where the car is? Do you have a key?