find the title
Locate where the physical title is being held by your lienholder and explain that you are attempting to sell the vehicle. They should be able to have it ready for you at a local branch where you could conduct the transfer of funds and paperwork to the new owner. Make sure to get copies of the lien release and that the title also indicates that the lien has been released. It would all go rather smoothly and should not scare any potential buyers off. If your lienholder is not local to you however, you should contact them as they would most likely have a process for handling such a common transaction. If not you could always trade it in at a dealership?!
Yes, the buyer needs to know before buying. You can get the money, pay off the car and get the title in the mail within 2-3 weeks. Then sign it over to the buyer. It is suggested that you don't let the buyer take the car until the title is in their hands.
You need to pay the lien. A prudent buyer has the title examined before purchase. That way, liens are disclosed and the seller must pay them out of the proceeds of the sale. Then the buyer takes title free and clear of liens.You need to pay the lien. A prudent buyer has the title examined before purchase. That way, liens are disclosed and the seller must pay them out of the proceeds of the sale. Then the buyer takes title free and clear of liens.You need to pay the lien. A prudent buyer has the title examined before purchase. That way, liens are disclosed and the seller must pay them out of the proceeds of the sale. Then the buyer takes title free and clear of liens.You need to pay the lien. A prudent buyer has the title examined before purchase. That way, liens are disclosed and the seller must pay them out of the proceeds of the sale. Then the buyer takes title free and clear of liens.
Take the title along with the buyer to your local DMV and have the car transferred over from you to the buyer. Do not sign the title over until you have the money in your hand, and do not let the buyer have the car until you have it transferred out of your name.
You cannot "sell" a car without the title because the title is proof of ownership. Without the title the buyer can't register and insure the car.
If you need to borrow money to make the purchase the bank will require that the title defect be resolved before it loans purchase money. If you plan to pay cash there is nothing to stop you from purchasing land with a title defect. However, you will encounter problems if and when you try to sell. Under normal circumstances a proposed buyer's attorney arranges to have the title examined prior to purchase. Any defects disclosed by the title examination must be resolved before the buyer takes ownership. You haven't mentioned the nature of the title defect. Title defects can be extremely costly to correct.
I know in MA that the title is considered a legal document. You are not allowed to sell a car without the title.
Let the potential buyers know that the title still needs to be paid off. First they pay you, you create a bill of sale for them and hold onto the car. Send in the money and wait for the title. When the title arrives, sign it over to the buyer and give them the keys. It is a pain for the buyer to wait, but you shouldn't let them drive off without a title. You would be liable for an accident if they are in one, until the title is signed over.
Yes you can .You must tell the buyer that the car has no title and the parts are sold as is.
ONLY if you can find someone to buy it without a title. NO buyer, NO seller.
No. That is not morally good nor is it legallygood. A prudent buyer has executed a purchase & sale agreement wherein you agreed to convey good title free and clear of any liens or defects except the ones that have been disclosed. Also, a prudent buyer is represented by an attorney who will arrange a title examination. The title examination is required by the bank that will extend the purchase money mortgage and will reveal any outstanding liens. Those liens must be paid before the property is transferred.
A purchase money or first mortgage is the mortgage granted in order to purchase the property. It usually indicates that the title was examined, a certification of title was issued by an attorney and a title insurance policy was written.
These type of transaction is illegal since there was no car title that has to be presented in selling that car.
if da buyer does not get da title in their name legally is not ders
Only if he is the only one on the title.
Title insurance is required in most states. This is not the same as an automobile title. Title insurance is designed to protect the home buyer and the lender. Title companies research public records to determine if a property has liens against it that may put the investor or home buyer at risk.
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.
This is a civil matter. You should not sign over the title without being paid or without having the buyer sign a valid promissory note. You need to sue the buyer in civil court.
You can get a copy of the purchase receipt from the auction if you are the buyer however car auctions don't work on a bill of sale. They have the title follow the car from seller to buyer. If the seller fails to provide the title prior to the start of the auction they are charged a fee which is typically around $50. They have 30 days to produce the title to the auction. If they fail to do so the buyer can return the car to the auction and get a full refund of purchase price.
A contract to purchase real estate gives the buyer no rights in the property except the right to purchase it. Title remains in the property owner until transferred by a deed of conveyance.
you need to have the buyer fill out the Bill of Sale, and get the money before the title is handed over.
A lien clouds title to a property, which means that the property owner may not successfully transfer title to another owner until the lien is satisfied. As buyer, you are entitled to a 'clean title' to the property. The association may not file a lien against a new buyer upon purchase, since the new buyer is not obligated to pay assessments until the date of purchase and beyond.
You can possibly get a title by taking your bill of purchase to the state DMV.
Take the title, yourself and the buyer to your local DMV. They will take care of everything.