Why would they NOT be able to repo a car they purchased the title to? READ your contract.
Yes it's their car you signed a lease they don't need a title to repossess their car. Title or no title they look up that information and have it mark on that title that the car was repossessed
ONLY if you can find someone to buy it without a title. NO buyer, NO seller.
Of course they can. The title probably shows a lien on the boat. Until you pay in full, they can take the boat back.
They can only repossess the vehicle which was on the loan agreement. Taking any other vehicle is theft.
sure can if they have a title too
there are PRIMARY liens and SECONDARY liens. Like first come-first served, goes by DATE of lien. READ YOUR CONTRACT. You were NOT as slick as you thot you were.
Any one on the title or that has a contract.
Yes. The lienholder is the rightful, legal owner of the vehicle, and can take possession of that vehicle anywhere.
That is the only way you can repossess a vehicle. Repossession comes under the UCC which grants a lienholder the right to repossess but only if they have perfected their lien by filing it on the title. One caveate is in most states the lienholder can not repossess a vehicle that is under a mechanic's lien without first paying that lien.
You have the title, but I bet on that title the lender you own money to is listed as the lien holder. He can repossess the car at any time if you miss payments. Having the title means nothing.You have the title, but I bet on that title the lender you own money to is listed as the lien holder. He can repossess the car at any time if you miss payments. Having the title means nothing.
Assuming you used the car's title to guarantee the loan - IF you fail to repay the loan, they can repossess your car ANY time they want to ! The title of the car remains the property of the loan company until you repay your debt.
You can repossess a car from from any one as long as your down as a lean holder on title. If your name is not on the title as lean holder than you can't take the car.
As long as the bank is listed as the lienholder on the title and as long as you owe them money and haven't paid they can repossess the car.
If you bought the bike on credit and miss the payments, they can and will repossess the bike and sell it at auction. Just like a car.
If there is a loan against the car then the bank is on the title and they own the car, your name would be on the registration but not on the title, so yes they can repo it. If you have the actual title in hand then their is no loan on it and you own the car.
Yes, but I'm curious as to how they are not shown as the leinholder on that portion of the title. However, if you signed any type of debt instrument showing that vehicles description and VIN, then payments weren't made in accordance with the debt instrument they can, and will reposess said vehicle.
You have to posses the title on the vehicle and the documentation that there is a default in payments.
No. To be able to repossess any of your property, they must hold a lien on it. If they have no lien on it, they have no right to repossess. Their only option is to take you to court.
apply for a salvage or lost title at the department of motor vehicles
Do a title search. you can do this with a title search company or if you have time search public records down at city hall yourself
If you purchased an owner's title insurance policy and now you find the deed that conveyed the property to you was fraudulent you should make a claim against the title insurance AND against the malpractice insurance of the attorney who represented you when you purchased the property. Someone didn't do their job.
Control in what sense? Sell them, transfer title? The cosigner guarantee's the loan on the vehicles and would need to agree to selling them and sign the title. You can use them for any purpose, do anything with them including burning them. You will still be responsible for the loan and if not you the cosigner will have to pay the loan off.
My texas cash out loan did not close according to the texas constitution can i make a claim against my title company
The only way you could repossess the vehicle legally is if you maintained a lien on the title or if the title remained in your name--and in most states the title was perfected (registered with the state DMV).Any attempt to take the vehicle back otherwise could result in criminal charges.Additionally, specific laws must be followed in most states to repossess property. Failing to do so often results in a wrongful repossession and return of the property to the person from whom it was repossessed. Substantial fines and criminal charges can be placed against those who wrongfully repossess.
IF your name is on the TITLE, you go get it. If not on the title, call the lender and make arrangements for them to repo so you can have possession of the car.