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If you gave your son a vehicle and put yourself as a lienholder on the title can you legally repossess it?
Wiki User
∙ 2015-07-15 19:15:48
Do you have a contract or agreement that says he will repay you? Has he breached that agreement and is he in DEFAULT of it by not paying? If so, yes.
(General rule for the future: Have your child sign a contract for any money you "give" him, like any lender would do.)
Wiki User
∙ 2015-07-15 19:15:48
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Can you legally repossess your car with a lien on the title?
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.
Can your car be repossessed from the towing lot that towes your wrecked vehicle?
If there's a lienholder on that vehicle, yes, that lienholder can repossess it.
Is there a time limit in which a car can be repossessed?
As long as there is a lien on the vehicle the lienholder has the right to repossess the property
Is a warrant or court needed to repossess a vehicle in the state of Tennessee?
No. The lienholder is the rightful owner of the vehicle, and can reclaim their property as needed.
Is it illegal to repossess a vehicle in Texas?
No, not if the contract is in default. The lender/lienholder may repossess the vehicle under UCC laws as long as it can be accomplished without a breach of peace committed
What do you need to do to legally repossess a vehicle in Texas?
need approval from hair vehicle
Can title loan company repossess your car in another state?
Yes. The lienholder is the rightful, legal owner of the vehicle, and can take possession of that vehicle anywhere.
How do you repossess a vehicle in Texas if you are an individual lienholder?
The same way a loan company does, HIRE a REAL repo agency to do the job.
Is it legal to repossess a car in Michigan from a repair shop?
Yes. A lienholder is the lawful and sole owner of that vehicle, and it doesn't matter where they repossess it from, so long as they do it in accordance with state laws for repossession.
Can you repossess a vehicle that you sold to a friend if you have a written contract for the sale of the vehicle?
yes, you are in a legally binging contract if you are both over 18 years of age and are therefore able to repossess the car.
Can you repossess a car if you do not have a written contract on it but you are a lienholder and you have the title with your name listed as lienholder?
If you don't have a "contract", you aren't a leinholder. A lienholder must have a contract and have filed the notice with the county recorders office and the title must state you as the leinholder. If the person is named on a title as a lien holder he or she has the legal option of repossessing the vehicle as it is determined by the laws of the state where the vehicle is registered.
Can a lender repossess a car if you do not pay down payment?
Yes, you made a financial pbligation by signing the documents for the sale of this car. So, they can legally repossess that vehicle.
