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Answered 2006-07-07 15:21:07

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VICTIM buyer has to pay off the leinholder to get car. And/or sue con seller. Leinholder WILL get their money. GOOD LUCK...


they should not be able to garnish wages for a vehicle the leinholder has taken back into their possession for payments not being made. They have the vehicle back, so its not right for them to take your money.


Yes. They can. If the vehicle is in your posession when they stopped you.


You could try but I doubt you would prevail. What liability do you think the leinholder has in the accident? You need to sue the driver of the car that hit you.


A cosigner or coowner cannot repossess a vehicle. That is something the leinholder does.


To take possession, you MUST be named on the TITLE as co-owner. the LINHOLDER will wanting to be sure the car has the required ins. coverage. IF you are on the LOAN as co-buyer, you will have to make the loan CURRENT if in default. It would work out better if you contacted the LEINHOLDER for state specific advise on the matter. If you are NOT on the loan, it could be repoed for 3rd party possession in your possession.


On the back of the title there is a place for you to put the leinholder information. Just put your information there when you pay the money to the seller. If there is a leinholder, the insurance company will require the owner to carry full coverage insurance, therefore, if the car is wrecked, the insurance will pay you, the leinholder, and not the owner listed on the title. That way you will be able to recoup any money that is owed to you. You can only keep the amount that is owed to you and pay any remaining to the registered owner of the vehicle.


not sure what your question is, BUT, if you want a car repoed and know the leinholder, CALL the lender.


will primary on a auto loan have right to the vehicle if cosigner has been paying loan for 15 months and has possession of vehicle will primary on a auto loan have right to the vehicle if cosigner has been paying loan for 15 months and has possession of vehicle




Yes, if a leinholder reposessed a vehicle from a person that owes a debt. then that vehicle is taken to an auction and the person it was reposessed from must pay difference. If the amount owed is $12000 and the leinholder sells it at an auction for $8000 the previous owner must pay the $4000 difference and any expenses involved in the process.


A private vehicle is a vehicle prostitutes use to pleasure their clients in AKA shag mobile


If your vehicle is destroyed while in possession of the tow companies lot are they responsible?


One has nothing to do with the other unless the insurance carrier is asking for the registration to show that the vehicle belongs to you. Often times they will require you to show them a current copy of the registration or the title to the vehicle. The registration is used because most vehicles are financed so the bank or finance company would have possession of the of the actual title since they are the leinholder.


yes, contact your leinholder and tell them that you will no longer be making any payment and where they would like for you to leave the car


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.


If your vehicle is the collateral for the loan, then yes.


yes, at least have it in your personal possession if not in your vehicle


The title is mailed to the leinholder after you register the car. The leinholder just has to sign off on it and give it to you. You can keep the title like that until you sell the vehicle, but if you lose the title and try to get a duplicate, the dmv wont give you one because there is a lein still showing on the title in the computer. The best thing to do once you get it from the leinholder is to take the title to the dmv and see if they can just put the information in the computer. If not, you should apply for another title that doesn't show a lein on it.


Of course. The financing agreement that you signed requires you to have full coverage insurance and to make sure that they receive a copy of the insurance with their name listed as leinholder on the policy. This assures that they are paid if there is an accident and that they are notified in case of a cancellation of the insurance. There are laws protecting the leinholder in every state. If you break the contract with the leinholder they have the right to repossess the vehicle as well as the put what is called forced place insurance on the vehicle. This insurance protect the leinholder's interest only in case of an accident or damage to the vehicle. This coverage is physical damage coverage only and does not include liability or any other coverages and the premium is very high. The premium is charged to your loan account.


The recovery of a vehicle by a private seller rather than by a lending institution such as a bank.


private vehicle is used for only in personal convince and commercial vehicle is used in for public and private transport there are such as road transportation, railway, air way and waterway


As it relates to a vehicle, "title work" is the process of filing an application for title, possibly checking for listing of a leinholder(clear title), ect.


Possession is 9/10th of the law. Not if the vehicle qualified to be listed in the bankruptcy filing. In which case no action pertaining to the vehicle can be taken until the bankruptcy proceedings are finished.



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