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How do I obtain a title to a motorcycle if the title has a bank lien and the motorcycle was sold for parts and previous owner still owes money?
Wiki User
∙ 15y ago
You can't. The bank still owns the bike, NOT you. The bike was sold to you illegally if the bank wasn't paid off. You need to get your money back.
Not quite true. He can legally sell you the bike but it becomes "interesting" depending on the terms and conditions of the loan and your state.
For example you want to be careful since you might end up being RESPONSIBLE for the remainder of his loan :-) This is unlikely however since to be owner you have to transfer the title and you can not do that as long as there is a lien on the bike. a lien does not mean the bank owns the bike the seller owns it. The lien means the bank has a financial interest in the bike. "part" ownership if you will. If you really want the bike I would contact the lien holder. This might be as simple as the bike was "totaled" out by insurance and they simply forgot to remove the lien on the original title or they may "sell" you the salvage title. Call them and see if you can get someone on the phone. I would prefer to do all this BEFORE paying any money for it :-) You can use all the parts except the Frame and Engine Casing as they both have VIN numbers and you need a title for BOTH if they do not match.
Good Luck
Wiki User
∙ 15y ago
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Is it possible to get a title for a motorcycle when the previous owner was selling it for parts?
just buy a frame and flip the vin
If you buy a motorcycle that has a lien on it from the Royal Bank of Canada through the previous owner can the bike be repossessed from you?
yes,
How do you get a title if the car is not in your name?
trying to finding previous owner to obtain a duplicated title( easy and save money) or hire an attorny who is familiar with porperty law then to file the petition of quiet title action ( a lot of money spending)
PREVIOUS OWNER?
WHO WAS PREVIOUS OWNER OF CAR? NAME ON TITLE OF CAR PREVIOUS OWNER OF CAR? looking to find out previous owner how many previous owner
How do you get a duplicate title for a motorcycle?
Go to the local state DMV office and fill out the application for a duplicate title. The person will need proof of ownership and the VIN # of the motorcycle. Proof of ownership can be a bill of sale or a notarized statement from the previous owner transferring ownership to the present owner.
The bike is regeister in North Carolina and i live in Texas and the owner owes money on the motorcycle?
whats the question
I recently bought a single family home in California and the previous owner left a motorcycle on the property -How do I take legal ownership of this motorcycle - It doesn't have a license plate?
It is abandoned property left on your property by the previous land owner. I suggest running a VIN search by your state's motor vehicle office just to make sure the bike isn't stolen as it is rather unusual for the previous owner to leave behind a motor vehicle unless he knows that it is illegal or is junk (maybe the engine is busted?).
previous owner info ?
previous owner information
Can you operate a motorcycle if all you have is a bill of sale?
Not legally, but there are always exceptions 1. the previous owner left a current registration on the motorcycle. 2.you have gotten a permit to move the cycle from DMV 3. your local laws allow for it.
who was the previous owner?
is this car worth $1,500.00 and who was the previous owner
Does Motorcycle Insurance require you to have it registered with the titled owner since I'm a high risk i was wondering if i could buy a motorcycle and get the insurance under my dad?
It all depends how much you plan to ride the bike. Most State laws require the rider to obtain the Insurance. For more information and resources on Motorcycle Insurance, check out http://www.findinsurance.us/motorcycle/motorcycle-home.html
present owner?
previous owner
