0
Can the owner who is selling a used car keep the title till the car is paid for?
Wiki User
∙ 13y ago
The title MUST be changed over into the buyers name, otherwise if the buyer gets into an accident you could be held responsible. If you are financing the car get a finance agreement drawn up and signed and transfer the car into the buyers name but list yourself as the lienholder. I would recommend both you and the buyer go to the DMV together so they can show you how to complete the paperwork.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Can you trade in a car and you are not on the loan?
In order to trade in a car you must be the only owner listed on the certificate of title. If a creditor is listed on the title that creditor must be paid off from the proceeds from selling the car or from the new loan.
I want to sell my ATV The buyer needs a title or bill of sell for bank title isn't in my name how do I do it?
I'm selling my atv I'm the original owner and it's paid off. However I lost my title and need to optain one ASAP. Where do I start?
Can someone transfer title of your car to their name if the title was put up for collateral for a bail bond and the bond is paid and the title is not released to the owner of the car?
If the bond is paid, why is the title not released to the owner of the car? If the owner of the car forfeited the title by skipping out, and another person came and bought that title by paying the bond, then yes, another person can transfer the title to their name ... because they bought it by paying off your bond.
Can you insure a car that you are paying payments on until its paid for from a private owner who holds the title?
I would insure any car that I was driving or making payments on. If you are on the title then you are an owner.
Can you be responsible for judgments against the previous owner of your property?
Absolutely yes, if you didn't make certain they were paid by the former owner before you paid for the property and took title.
If a family member paid off the car but is not the registered owner decides to keep the car can the registered owner be sued?
This question will wind up in court if you ask me. The registered name on the title is the owner, period. Anyone else will have a tough time to claim ownership.
Does someone have to get a person's permission to taking a co-signer off of title on a car that has been paid off?
The co-signer's name is on the loan, not the title, and has nothing to do with selling the car, especially after the loan has been paid off. On the other hand, a CO-OWNER's name is on the title, and it depends on how the two names are listed. If the title is made out to A and B, both must sign when selling it, but if it says A or B, either may sell it without the other's approval or knowledge. There may be exceptions to this in some states if the two are a married couple.
Can creditors keep selling your debt?
Until it is paid off, yes.
If my wife paid off a vehicle but it is title in my name am i the legal owner or is she since she paid off the debt?
The simple answer is if the title is in your name, you are the legal owner. However, if there was a contract between you and your wife, she could be declared the legal owner in court upon showing she fulfilled her contractual obligations by paying it in full.
What can a co owner of a duplex due about non-payment from the other owner who lives in one of the units?
Make certain to keep the bills paid and make certain you keep a record of proof that you paid them. You will need to sue the co-owner for reimbursement.
Can you get a new title in your name if previous owner never paid for title loan received and then died leaving it to you and title loan comp has original title still?
no you need the tittle
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.
