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Is illegal if a seller does not disclose to the buyer the cars being sold with a Lien TITLE?
Wiki User
∙ 15y ago
If you are in the UK or the USA, such an action would be illegal.
Wiki User
∙ 15y ago
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What is a seller's affidavit of title?
A statement, under oath, that the property being conveyed free of defects or encumbrances since the date of issue of title insurance commitment, or in other words, since the seller's acquisition of the property. A seller's affidavit of title does not substitute for a full title examination and doesn't mean that you shouldn't buy an owner's title policy.
Can you still sell a vehicle if the buyer and seller both signed the title without it being on the road?
yes
Do you have to tell a person buying your car that it was involved in accident?
If it was repaired by a reputable shop and insurance they can find out by getting a carfax on your car. As the seller I don't know of any legal requirement to disclose that but as a decent human being I would disclose it. I always ask myself if that is something i would want to know and if the answer is yes, then I disclose it. Let your conscience be your guide.
Can a title loan add there name to your registration without you being present or having a signed title?
No. that is illegal. you must be present.
Is it illegal to sell a car with a lien on the title?
Yes of course it is. Unless it is the Lien Holder selling the car or if the payment is being made directly to the lien holder.Selling a car with a lien just because you have the title (Liened Tile) in hand is wrong and very unlawful even if the buyer knows it has a lien.Do not give cash to someone selling a car with a lien, that is also illegal if you know they are not the lien holder. If the seller has a problem with you paying the creditor directly they are probably a crook!
Can you have a arm length transaction with the seller and seller agent being relative?
Hell no
Being civilly liable means a server or seller of alcohol?
as a server or seller of alcohol, being civilly liable means?
As a server or seller of alcohol being civilly liable means?
as a server or seller of alcohol, being civilly liable means?
You bought a car and the seller filed for lost title and when you got the papers back from him the notary stamp past its thirty day dead line what should you do the seller is nowhere to be found?
That shouldn't keep you from being able to get title tags and registration. You will probably have to pay a late fee which should only be about $10-$20. The dmv could possibly waive the late fee if you tell them what happened, but it's not likely they will.
Private seller has title of used car that is being paid for by buyer does the buyer have to get full coverage insurance to register the car and get a tag for the car?
In my state you only need to have Liability insurance the get a title and register the vehicle. If, however you have a loan on the car the lender will require you to have full coverage.
An owner died 20 years ago and the taxes on the property are currently being paid by a bank so how can you purchase the house?
If the taxes are being paid by a bank there must be an outstanding mortgage. You should contact an attorney who specializes in real estate and ask that they arrange to have the title examined. That will disclose any outstanding liens and the name of the bank that holds the mortgage. You can make an offer to purchase through your attorney.It would be misguided to attempt to purchase the property on your own without legal representation and a title examination.If the taxes are being paid by a bank there must be an outstanding mortgage. You should contact an attorney who specializes in real estate and ask that they arrange to have the title examined. That will disclose any outstanding liens and the name of the bank that holds the mortgage. You can make an offer to purchase through your attorney.It would be misguided to attempt to purchase the property on your own without legal representation and a title examination.If the taxes are being paid by a bank there must be an outstanding mortgage. You should contact an attorney who specializes in real estate and ask that they arrange to have the title examined. That will disclose any outstanding liens and the name of the bank that holds the mortgage. You can make an offer to purchase through your attorney.It would be misguided to attempt to purchase the property on your own without legal representation and a title examination.If the taxes are being paid by a bank there must be an outstanding mortgage. You should contact an attorney who specializes in real estate and ask that they arrange to have the title examined. That will disclose any outstanding liens and the name of the bank that holds the mortgage. You can make an offer to purchase through your attorney.It would be misguided to attempt to purchase the property on your own without legal representation and a title examination.
Who benefits from an insurable title the purchaser or seller?
Both. The purchaser benefits in knowing that the property title has been researched and will be stood behind to cover losses and legal costs to protect you property title. The seller benefits in the same way, being that as long as you are not the type to try to defraud someone by selling property you don't own without question, you don't have to worry about the buyer taking you to court and running you into bankruptcy. If, however you aren't absolutely certain you have free and clear title, understand that should the title insurance company have a loss for something you knew about or should have known about, that you will be sued by them and will pay all their losses and legal costs.
