You don't. The lien must be cleared before title transfer can take place. Pay the note or surrender the vehicle.
AS long as the title remains in your name, you are liable for tags appearing on the vehicle..You should notify your local motor vehicle dept. of the ownership change.
The penalty for forging a motor vehicle title depends on the value of the vehicle. The last man that I know about only got 2 years.
You wont
Legally, NO! You can sell the vehicle to anyone if the vehicle is over 10 years old and you sell it for parts only, but if the buyer wants to drive the vehicle, they will need a title.
I am sure each state has their own specific laws that pertain to scrapping a vehicle. In Iowa, yes you need to have the title.
1st bankruptcy = 7 years 2nd bankruptcy = 20 years 3rd bankruptcy = life
Nothing unless you receive a clear title of ownership from the lender.
Yes.
No, you can only replace a lost title. If the vehicle had a lien from the bank, a replacement title will still show the lien.
If the vehicle was built after the title law in your state was passed, yes you do. For example, New York passed its title law in 1973. If your vehicle was built prior to that, there was no title issued and it can be sold with just exchanging the registration. For 1973 model year up, you have to transfer it with a title. For the rules in your particular state consult the website for your state's department of motor vehicles.
Yes, that's exactly how it works. If you'd paid for the vehicle at the time of the co-signers bakruptcy you could have kept the vehicle and improved your credit. The creditor wants you to either pay for the remainder of the note or file bankruptcy yourself. * A loan for a vehicle is considered a secured debt and is not dischargeable by the primary borrower(s) or cosigner(s) in bankruptcy action. All parties named on the loan agreement are responsible for the debt unless the SOL for the state in which the vehicle was either purchased or the debtor resides has expired.
Yes, 3 years after discharge of the Bankruptcy.