The Owner simply signs the Title and gives it to the junk yard.
contact an underwriter, OLD Republic NJ is who I suggest...
You first need to change the title to a salvage tile. You can go from salvage to rebuilt but with a Junk title you can not. to get a salvage tile for a Junk you need to find a state that converts Junk to salvage. Usually because the state does not have a junk title. after it is salvage you need to have it inspected in your State to make sure it meets all Vehicle title Service company that has a guaranteed title service. they will have experience with this process.
A junk title means that the car cannot be driven, sold or registered in its current condition.
With a bill of sale from the junk yard, you should be able to apply at the state for an "indemnified" title.
No, only in new york and massuchusetts.
You can file for a lost or junk title
Junk.
Yes.
Contact your local DMV and they will tell you what is necessary to get a title for this vehicle.
Yes.
When you sell your junk car for cash, you should sign over the Title (or pink slip) to the business to which you sell the car. That releases you from liability.