Yes, you do. which section on the back of title do i sign for selling vechile
When the owner of a car signs the title, it becomes and open title, and the holder of the title is the owner of the car. When selling a vehicle, the owner should not sign the title until they have the money because if the buyer has possession of the open title and the vehicle, they can clam ownership.
You need to sign off the back of the title and have your signature notarized.Then you give the title to the buyer with a lien release. You need to complete a sold notice online, or on the back of the vehicle registration. Then you can remove the license plate from the vehicle. Remember, the plate belongs to you.
If you are the legal owner of a car, have it register, and have simply lost the title, you can apply for a replacement through your state DMV. If you are the legal owner of a car but do not have a title for it, you can sell the car with a bill of sale and the next owner can attempt to a quire a title for it. You will have difficulty selling the car for anything like it's actual value. If you are still paying for the car, and as such haven't gotten the title yet, you can not sell the car as you do not own it, the bank does. Selling a car you are still paying for is fraud as you are selling something that doesn't belong to you. If you do not own the car, but are trying to sell it this is also fraud as you are selling somethign that doesn't belong to you. if u own the car straight out & just trying 2 sell it - all u have to do is go to the department of lic. with the BUYER & sign a "release of interest" form, it has to be notorized so both u & the buyer have to sign it with a notary present - its easy !!!
If they are now on the Certificate of Title they must sign it. Whoever is listed as an owner on the certificate must sign it.If they are now on the Certificate of Title they must sign it. Whoever is listed as an owner on the certificate must sign it.If they are now on the Certificate of Title they must sign it. Whoever is listed as an owner on the certificate must sign it.If they are now on the Certificate of Title they must sign it. Whoever is listed as an owner on the certificate must sign it.
When you have been paid in full, and you have no liens on the title yourself (you have full title), then you can sign the back of your title. This gives title to the person you name on the back. When the person is paying you on time, then this is different--be sure to take the title down to DMV yourself with the buyer and change the title to his name BUT ALSO put a lien on the title. This means the person cannot sell or otherwise dispose of the car without paying you. Another benefit is that the car is no longer your responsibility to insure. Absolutely do not sign the title transferring ownership until you have cash in hand.
When you sign over your car title, it is like getting a payday loan. You will have high interest and a short time to pay it back. They will give you more time to pay back the loan, because they have your car title and can repose it if you are late on your payments. Be very careful when using predatory lending.
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