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Every state has provisions for this in their laws. otherwise the world would be covered with repos the lenders couldn't sell.

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โˆ™ 2011-09-13 04:22:56
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Q: How can a lender sell a vehicle at auction when it is titled to you with no lienholders on it?
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Related questions

If a lender sues for arrearages which state laws apply when the car was bought in Minnesota and titled in Wisconsin?

They can repossess your vehicle at any time. As long as they're the lienholder on the title, it doesn't matter where the car is titled. * If a lender sues for arrearages and fees the laws of the state where the car was purchased apply, not the state in which the car is titled.

Can a vehicle that has been titled under a business be sold as new if it only has 400 miles?

No - it is a used vehicle It has Already been titled

How do you put a lien on a car that has a loan in your name but is titled to someone else?

File suit in the appropriate state court in the county in which registered owner resides. If a judgment is granted it can be executed as a lien against the vehicle according to the laws of the judgment debtor's state. The lender is the primary lien holder if the vehicle has been used as collateral and a secondary lien can be enforced without the lender's release after the lending agreement has been completed.

Are there any laws regarding auto loans that pertain to financed car being used in drug trafficking by cosigner?

Under federal law, vehicles used in the drug trade can be seized, and are forfeited, regardless of who the titled owner is. Lienholders (but not co-owners), under certain circumstances, can file paperwork to recover the vehicle, in order to protect their investment, and it will be considered.



If you are the sole borrower on a vehicle loan can the vehicle be titled in another person's name?

Although my husband is not a legal professional, he is a full-time real-estate professional. He said that in his opinion, a loan on a vehicle is a mortagage, and you can't mortgage property that belongs to another - thus to get a loan on a vehicle the title and registration must be in your name. The only accurate answer would most likely have to come from an attorney. States establish laws concerning the titling and ownership of motor vehicles. It is possible in most states to have a vehicle titled to a person who is not a part of the lending agreement. However, the lender will remain on the title as a lien holder until the contract is paid in full. Titling the vehicle to another person will not prevent the vehicle from repossession action if the lending agreement is defaulted. In addition, in all states the person who holds the title to real property is considered the rightful owner (with the exception of lien placements). Therefore, the borrower could be responsible for the debt but not have the use of the vehicle until (unless) the court ruled otherwise. MY EX IS THE SOLE BORROWER ON A VEHICLE LOAN AND THE VEHICLE IS TITLED IN MY NAME. I'M TRYING TO FIGURE OUT HOW I CAN GET THE VEHICLE TITLED IN HIS NAME INSTEAD SEEING THAT WE ARE NO LONGER TOGETHER. SO YES IS THE ANSWER TO YOUR QUESTION. YOU JUST HAVE TO SIGN A PAPER SAYING IT'S OKAY FOR THE LOAN BORROWER TO USE YOUR VEHICLE AS COLLATERAL AND THEY TRANSFER THE TITLE TO YOU INSTEAD OF THEM.

How much should you pay for a salvage titled car 2011 and there is visibly nothing wrong with the car?

It's nearly impossible to buy a wrecked late model vehicle at an insurance auction, rebuild it and resell it profitably if the vehicle is repaired correctly. Have the car thoroughly inspected before considering buying it. By the way the car's factory warranty will be void.

What is the value of Joseph knaffl art photo titled a skin game?

$385 at auction August 23, 2011

Where can you read Sybil by SchreiberFlora Rheta?

Check your local library or online auction. There was also a movie titled "Sybil" as well.

Can a Florida certificate of destruction vehicle be titled in Pennsylvania?

No Try Kentucky

Can a creditor place a lien on a financed vehicle?

In most states it is possible for the action depending on the exemption status of the vehicle and how it is titled.

If you have a clear title on a vehicle do you have to register the vehicle before you sell it?

As long as it is titled in your name, you can sell it without it being registered.

If the title has two names but is not separated by AND or OR then which is the primary owner or are they both equal owners of the vehicle?

If there is no specific designation on the vehicle title the default laws of the state in which the vehicle is titled will apply.

If dealer unwind a vehicle with one hundred and forty nine miles on it should that vehicle be sold as used in nc?

The vehicle can be sold as new as long as it has not been titled.

Can a vehicle with a certificate of destruction be titled and driven?

In many states, a slavage vehicle can be inspected and receive a "salvage title". If you ever want to sell the vehicle you'll have to disclose the salvage title.

Can a dealer in Kentucky sell a salvage titled vehicle that hasn't had airbags replaced?


How do you import vehicle from US to Canada?

drive it across the border, have it inspected and titled there.

How much is a vehicle worth with a reconstructed title?

60% of the value of a comparable clean titled car.

Is a law enforcement vehicle considered a commercial vehicle?

No. A commercial vehicle is defined as a motor vehicle used for public transportation or cargo transportation. Generally, A vehicle is designated "commercial" when it is titled or registered to a company. A taxi cab is a commercial vehicle. A police car is not.

Can you add a vehicle to your insurance if it is not titled in your name in Texas?

Call your agent, there are some cases where you can.

Can you register your car in Florida if it is insured and titled in your grams name?

No, the vehicle would need to be titled in your name for you to be able to register it. Your grandmother could register it in Florida and let you drive it.

When adding another car to insurance should it be titled in child's name?

Never title a vehicle in the name of a child. If it is titled in the name of a child, and you decide to sell it or trade it in, you cannot because the child cannot legally sign a document until they reach the age of majority. There is no reason to do this anyway.

How can i find out which state this trailer is titled in by using the vehicle id number?

Go to the DMV in your state.

What is the title of state?

The title of state?? I can only assume it means the state that the vehicle is registered and titled in.

Do you legally have to disclose that a car has a salvage title to a buyer?

Yes you do have disclose a salvage titled vehicle.