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Can they repossess your car if you have the title with no lien holder?
Wiki User
∙ 17y ago
If you signed promissory note using the car as security, then yes, they can repossess your car. You need to ask to see the promissory note that "they" have, if you didn't sign a loan using the car as security --Verify that it is your signature and if it is, then you need to prove you have made the payments. Gather all your cancelled checks or all your bank statements that show the car payment went thru every month for the same amount, at the same time. Work with these people--if the loan is yours own up to it and make it good before the car is repossessed as this will show up on your credit. This repo will haunt you for a long time especially when you need to get a car loan. Good Luck!
Wiki User
∙ 17y ago
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Can a lien holder repossess your car if you have a clear title?
sure can if they have a title too
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 i repossess a car if have a lien on the tile?
If you are the lien holder, yes.
Can a dealership repossess your car if they are not the lien holder?
No. The lienholder is the only entity with a right to repossess.
Who can repossess your car?
An Authorized Recovery agent working on behalf of the lien holder can repossess the vehicle from the lessee. It is Illegal in the state of Indiana for someone who works for/ at the car lot or for the lien holder to repossess a vehicle under the car lot/ lien holder's company name. The duty of repossessing a car must be hired out to a recovery agency.
Can your car be repossessed if there is no lien holder on title?
no
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 is the limitation on a car with a lien on it before you can get the title?
If the car has a lien, you usually have to pay off the lien before you can get a clear title. Otherwise, in this state you have the name of the lien holder on the title.
How do you discover the lien holder of a car?
It should be on the title.
Can you legally repossess your car with a lien on the title?
That is the only way you can repossess a vehicle. Repossession comes under the UCC which grants a lienholder the right to repossess but only if they have perfected their lien by filing it on the title. One caveate is in most states the lienholder can not repossess a vehicle that is under a mechanic's lien without first paying that lien.
What is an auto lienholder?
A lien holder is someone who has a financial interest in a car. It could be the bank you financed it from, or someone else who the car owner owes money to. The car owner's name is on the title with the lien holder's name so that you can't sell the car without the lien holder signing the title...this means that you don't owe the lien holder any money on the car. The car is now 100% owned by the title owner.
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.
