The person whos name is on the TITLE as OWNER gets to keep the car IF no one has it as collateral for a loan in DEFAULT.
Either party ON THE TITLE is entitled to possession, but someone will HAVE to make payments or it will be repoed.
That would be an agreement between buyer and seller. I cannot advise you against this enough.Buyers may be hard to come by, but wait around until you get a cash buyer who'll come and buy it outright.
No, as of 2005 Nevada does not tax private-party vehicle sales, but only if the buyer is a legal resident of the state.
You locate the car and remove it from the possession of the default debtor.
More than likely no. You have a bad situation. You made the payments but the other party actually owns the vehicle. In other words you may have just bought this person a car. You need to talk to a lawyer.
After a car sale, a private party can return the car within thirty days. This return policy is dependent on the individual seller.
yes it is
no it is there job to check out the car
The private seller holds the title until paid in full, he should transfer the title to private buyers name and place a lien on title then the title will be mailed back to the private seller and once vehicle is paid the seller signs off on the lien and mails the title to the buyer. A contract/bill of sale should be signed by both parties to the payment agreement established for the protection of both parties.
It depends. If you have sold the vehicle to the "Buyer" and you have a security interest or "Lien" against it, then yes. The "Buyer" is responsible. If they decide not to pay, then you will have to take them to court to remove their name from the title.
Take the buyer & title to the car with you to the lender that holds the lien on the vehicle. Use the money he is paying you to pay off the loan and get a lien release from the lender. Sign the car over to the buyer at the lender's place of business. Take this lien release and the title with you and the buyer to your DMV, and transfer the car into the buyer's name.
There is no song called "Private Party". However, there is a song called "Party for Two" by Shania Twain, which has the words "private party" in the lyrics.