answersLogoWhite

0


Best Answer

If you don't have a "contract", you aren't a leinholder. A lienholder must have a contract and have filed the notice with the county recorders office and the title must state you as the leinholder.

If the person is named on a title as a lien holder he or she has the legal option of repossessing the vehicle as it is determined by the laws of the state where the vehicle is registered.

User Avatar

Wiki User

โˆ™ 2015-07-15 20:58:56
This answer is:
User Avatar
Study guides

Add your answer:

Earn +20 pts
Q: Can you repossess a car if you do not have a written contract on it but you are a lienholder and you have the title with your name listed as lienholder?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

When can a bank repossess someones car?

As long as the bank is listed as the lienholder on the title and as long as you owe them money and haven't paid they can repossess the car.


When a bank repossess someones car?

As long as the bank is listed as the lienholder on the title and as long as you owe them money and haven't paid they can repossess the car.


When can a car be repossessed in Texas?

In most instances when you get behind on your payments. The exact details of when the lender will repossess the vehicle is listed in the contract you signed when you took out the loan on the vehicle. Read your contract with the lender.


Do they have to send you a letter to let you know your car payment is due?

NO, you know when your payment is due. It is listed on the contract you signed. Miss a payment and they can repossess your car then next day.


How do you repossess a vehicle in Texas when the purchaser has sold the car to a third party before payments were made in full and are now delinquent?

Are/were you listed on the TITLE as leinholder? Do you have a written contract listing the vehicle as collateral? If no to these two uestions, you should call a local attorney NOW.


Can a bank repossess a car or sue someone with whom they have a signed contract even though the car owner has a clear title for the car?

YES, the contract is what they sue for unless the car is listed as COLLATERAL for the loan. Then they repo the car and sue ya.


Can you have a co-signer removed from a title after the car is repossessed?

AnswerIf the primary on the contract does not pay then the lienholder comes after the co-signer for the payment. The credit of both the primary and co-signer are going to show repossession. If the lender has kept the title in its files as part of the loan process and is listed as a primary lienholder, it can sell the vehicle after the repossession.


How do you contract to sell a car for which you are being paid for over time?

Basically, you are financing the vehicle, right? Put a lien on it. All you have to do is fill out a bill of sale and there will be a place for you to list a lienholder. Fill in your information there. There will also be a place for you to put lienholder information on the title, so make sure you fill that part in also. When the buyer takes that to the highway dept to register it, the hwy dept will keep that and give them a registration. After about 2-3 weeks, you should receive the title in the mail with you listed as the lienholder. After you are paid in full by the buyer, then you will sign off as lienholder and give them the title.


What if vehicle owner allows insurance policy to cancel and purchases new policy without lien holder listed?

When you purchase a vehicle and fiancé it you sign a contract stating that you will carry certain insurance coverages and provide the finance company with the proper notification of such coverage. If you let your policy cancel you have violated the contract. If you do not list them as lienholder on your insurance policy you have also violated the contract. If you do not fix this situation when you finance company send you letters about this they have the right to repossess your vehicle and screw your credit up for life. You have obligations and the finance company has obligations under these contracts. If you have period of time when you cannot prove you have insurance then they will put forced place coverage on your vehicle to protect themselves and will charge the premiums to your account.


How do you cancel equipment lease?

The procedure should be listed in your contract.


What is meaning of initial contract price of civil engineering project?

The Initial Contract Price is the Contract Price listed in the Procuring Entity's Letter of Acceptance.


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.

People also asked

Can a bank repossess a car or sue someone with whom they have a signed contract even though the car owner has a clear title for the car?

View results

As legal owner of a vehicle can you repo a car if there is no contract between you and the registered owner?

View results

What is the difference between a car's Legal Owner and Registered Owner?

View results

What is the difference between legal and beneficial ownership?

View results