usually
Sign off on your part as the seller on the title itself just like you were selling it to anyone else.
You will get actual cash value for the car and will sign the title and car over to the insurance company, unless you wish to buy it back for a reduced payout.
Typically you need a car with insurance to get a title loan. If your car is totaled, the loan company are entitled to that money since they hold the title for your car.
Yes, you do. which section on the back of title do i sign for selling vechile
Whomever the car is titled to. You will have to sign the title over to the insurance company since they essentially bought the wrecked car from you.
On the back of the title there is a place to sign it and the person that is receiving the car signs it as well.
The only way to get your car title back from the Bank of America is to pay of the loan that the title is collateral for. If the loan is paid off, they will send you the title in the mail.
the back, under Seller
as seller
It depends on why it was totaled. If it's cosmetic damage that totaled the car (like a shallow sideswipe) of course. If it's structural, like frame damage, maybe. If it was in a flood, it's probably not a good idea to fix it since quirky electrical problems will haunt the car forever. If it is repaired it would still carry a totaled title but it can be qualified with the brand 'totaled/reconstructed' on the new title.
Home equity loan perhaps. No bank is going to finance a totaled car.
My vehicle was totaled according to the insurance company. I cannot collect any money from the ins co unless I have a reconstructed title. How can I get a reconstructed car title