Can your car be repossessed when you have paid off the loan but have not received the title?
Most states have a law that requires that the title be sent within 3, 10 or 30 days of final payment being made. The law usually doesn't have much in the way of teeth, so you may need to remind the lending institution that the loan has been paid and that you want the title. After you have requested the title the lending institution may be in default and you may have recourse, depending again on your state and the laws that regulate title loans.
If you already have the title to your car but the loan has not been fully paid can it be repossessed?
What are your rights as the owner of a car if car company signed the title over to you with a letter stating that the loan is satisfied and car is paid off by mistake in Texas?
Can I get my name off the title and loan of my ex-son in law's van if he still has a loan on the van?
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…
If the loan for a vehicle is in one person's name and the tite in another's what are the rights of the person on the title if the vehicle is repossessed?
Yes, it can be repossessed. If you owe money on a vehicle and do not have a clear title of the car - In reality, this car is not yours until the debt is paid. The car is collateral until your pay the loan off. If the car was repossessed, the personal contents like the car seat must be given back to you.
Can your vehicle be repossessed after the loan and security agreement has expired but you still owe a considerable sum?
If you agree in divorce papers to make the car payments until it is paid off but your ex-wife does not pay the insurance what can you do?
You bought a car for a friend that signed a pmt agreement You repossessed the car from the individual for non-payment The individual got a payday loan against the title Who owes that money?
If they are not on the Certificate of Title you can sell the car. However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title. If they are not on the Certificate of Title you can sell the car. However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the…
Is a repossession marked on your credit report when the car is repossessed or when the loan is paid off?
She can if she is listed on the Certificate of Title as an owner. However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title. She can if she is listed on the Certificate of Title as an owner. However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the…
Can you sue for wrongful repossession of a vehicle when loan was paid in full over a month and a half ago?
NO. IF the co-signor is also listed on the TITLE as co-owner, they can take possession. If not listed on the title they would need to bring a civil suit and bring enough evidence to convince the court to render a judgment transferring the title to the co-signer. Crucial evidence would be proof the co-singer paid the loan.
After you buy a repossessed car does it stay marked as repossessed as long as it is driven even though it is paid off?
How can you get your car back if you paid the car loan off but haven't paid the interest that occured over the years off and they still came and repossessed your car?
If you are the co-signer of a vehicle that was voluntarily repossessed how can you get your good rating back?
Yes. Be sure the buyer knows that the title is not free and clear. When they pay you, pay off the loan, wait for the title, and sign it over to the buyer. Don't hand over the keys until they have the title. You can give them a bill of sale as a receipt that they paid, but that is all they get until the title arrives. You are liable for their injury if they…
If you moved to another country but still have a car loan can you refinance that loan in someone else's name?
What if your father died leaving a very small balance on a car loan The bank is requesting the loan be paid off before it will release the title Is there anything you can do to get the title released?
If you are talking about accepting a loan secured by real estate you should get expert advice to make certain the loan documents are drafted properly for your jurisdiction and that it grants you the right to take possession in the case of a default. The title should be examined to make certain there are no other outstanding liens that would be senior to yours. The signed and notarized documents should be signed by all…
If I was listed as the primary signer on a car loan but never received a title because the cosigner registered and insured it in his name can I be held liable for a default on the loan?
the co signer has held the title to protect their credit. you need your own isurance. the co signer has all rights in your car and if you do not pay on time you are first to be held respondsible- you need a written agreement that you will receive the title once the car has been paid for to clear his name off the loan
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…
In 1998 you financed a car through Onyx Acceptance Corporation paid it off and never received title and would like to know how to obtain the title now?
My name is Kristie L. Reid, I was at the time of the loan called Kristie L Gaskill and I paid off my 1998 Plymouth Breeze back 2005. I have never received my title to the car. The loan was co-signed by my ex-husband John L Gaskill at the time also. He has not received the title either. Could you please help me to resolve this issue as it is going on 5 years past…
The only way to register a car that has an unpaid title loan but that owner never paid it is to pay off the loan. The person who got the loan is responsible for paying it, but it can be hard to force the issue once the car has been sold. You may need to take them to court to force them to pay the loan or to give you your money back.