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Vehicle Titles
Repossession
Liens

Is it possible to buy the title to a vehicle that is not worth repossessing from the creditor for a small percentage of what is owed?

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2004-05-17 09:08:04
2004-05-17 09:08:04

Anything is possible, but that is very unlikely. Not worth repoing and not worth what you owe are 2 different things.

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Absolutely not. You cannot be your own creditor.Absolutely not. You cannot be your own creditor.Absolutely not. You cannot be your own creditor.Absolutely not. You cannot be your own creditor.

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In most states it is possible for the action depending on the exemption status of the vehicle and how it is titled.

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If they are legally repossessing it, it is their truck and they can do what they want with it.

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It's more the same as repossessing a car.


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