Vehicle Titles

If you hold the title and its in your name can your vehicle still be repossessed?

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2005-10-25 04:44:44
2005-10-25 04:44:44

Well, if the title lists no lienholders, it cannot be repossessed. If it lists one, it would be best to surrender it or don't keep anything in it of value. Yes. Even if the lien is not recorded on the title, it hass probably still been filed with the state.

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as long as you physically have the title in your possession and its in your name and they haven't signed the back, you are still the legal owner. A title company would have to give proof of your financial obligation to them

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Get a hold of the motor vehicle department in your state and explain the problem, they will get you a new title.

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Don't worry. You don't need to have a driver's license to hold a vehicle title in Ohio. www.dmv.org DMV.ORG - The Unofficial Guide to the DMV

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You may only sell property to which you hold title.

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If your name is on the title you will be responsible for all debts and damages.

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It is illegal for a bank to hold onto a title for a vehicle once a typical deadline for funds to clear for payment of said title has cleared. Contact your local attorney general and state government banking institution that governs bank licensing and file a complaint. They should notify you in writing as to why you have yet to receive your title.

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He will hold the title of Pope Emeritus - Retired Pope. He will still be addressed as the Holy Father.

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Yes, if you took a loan out and used your car as collaterol, then it can be taken away. If you own the title free and clear, then it cannot be taken from you. Only if you owe money on it or the previous owner owes money on it. If the previous owner has an outstanding debt on the car and sells it to you without you knowing about the debt then the car can still be repo'd.

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YES! Do not release the title of the vehicle until it is COMPLETELY paid off. Once they hold the title, they can stop paying and there is nothing you can do... legally.

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They don't require a court order to repossess a vehicle... the only way a court order would be required is if the court had ordered you to give up your vehicle as collateral if you found yourself on the losing end of a lawsuit or something to that effect. A vehicle which is paid off cannot be repossessed, because the lienholder - who is the lawful owner of that vehicle while they hold the title - is reclaiming their own property after a lessee fails to meet the conditions of their contract.

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If the terms of the lease include the requirement that you must provide insurance on the vehicle, and I've never seen a lease agreement that doesn't, yes, they can hold you in violation of the lease and repossess the vehicle.

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Get a hold of the motor vehicle department in your state and explain the problem, they will get you a new title.

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you cannot use it as collateral because you need to hold title of the vehicle however in this case the finance company has the ownership of the vehicle not you.............

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not sure which Hill & Associates you mean. Can a car be repossessed from repair shop?": YES Hold that thought because here in Ohio if a car is up for repossesion and it is sitting at a repair facility and a bill is owed on the car for repairs it cannot be repossesed unless the repair bills are paid to the shop. the shop owner has the right to hold the car and notify the bank or finance company. they will either pay the bill to the shop and retrieve it or write it off. At that point if the shop owner cannot get the person to pick up the car they can file for a title for the vehicle.

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If the ex's name is on the loan, then yes, the lender can, and in all likelihood will, still hold the ex responsible. You'd need to refinance the vehicle in your name alone.

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It depends on how they hold title and the basis for the lien.It depends on how they hold title and the basis for the lien.It depends on how they hold title and the basis for the lien.It depends on how they hold title and the basis for the lien.

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When the car owner has not yet made all payments on his car finance, the lender will hold a lien on title. This means it will be clearly mentioned in the car's title. So, check the car title.

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no, to hold a title you have to have a licence

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Whose NAME is the title in? Yours, or the dealership's? When you bought the vehicle, the auto dealership would supposedly transfer the title to you, but would also place a "lien" on the vehicle. IF THE TITLE IS IN YOUR NAME, simply tell the dealership to hand it over, and call the authorities if they refuse. IF THE TITLE IS NOT IN YOUR NAME, then you just may have a problem requiring the services of an attorney, assuming of course that you have fully paid for the vehicle.

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Yes, The vehicle will then be encumbered by the lien and cannot be sold, traded or the title transferred. Once the lien/debt is paid the lien is lifted and the owner of the vehicle can obtain a clear title. Action by a garage/repair company is where the term Mechanic's Lien first originated.

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Get a hold of the lien holder then get a hold of the owner who has the lien against them. Otherwise you may end up responsible if you desire to keep the vehicle. If everything is valid and the payments are not made the car may be repossessed. Then you will have to take the other person to court. Tedious and not fun.

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Just the same as if it was your car repossessed. Legally, you hold the same liability as the primary buyer.

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Because although they hold the title, they are still an elected member of congress and represent constituents

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If the bank or the entity that holds title to your car is repossessing the vehicle, that means that they own the vehicle and you have presumably agreed to make payments toward the ownership of that vehicle. If you strip it or damage it in any way, you are liable for the damage you have done, or the value you have removed from the vehicle. It gets worse. If you purposely or knowingly took value from the vehicle, the intent in which you acted toward this end will be seen by the court to cause greater penalties toward your actions. My recommendation: Do what the law says is the right action. By stating that you did not know that your act was against the law will not hold up in court. Good luck.


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