They should return the car immediately and buy one that they can afford, tax and license and all. The thing is, that the registration on a new car is going to be several hundred dollars each year, plus insurance for the next few years. Also, as soon as you drive off the lot, the car loses value. If you cannot afford that kind of money, back out now before you end up in financial straits.
From what I have read, no, a underwriter cannot stipulate who goes on the title if the loan is in more than one person's name. Normally, both names that are on a loan have to go on the title of the purchase from the loan.
Give it to goodwill, they will come pick it up. What is it, Chevy S10?
You cannot get a tag without title information from the application. When you purchase a car the price should include tags and titles.
You cannot get a tag without title information from the application. When you purchase a car the price should include tags and titles.
A person cannot add a name to a title if the bank is the lien holder unless the bank agrees to the title name addition. A person could approach the bank and ask them to add the name to the title.
Title to real property is transferred to a new owner by a written document called a deed. Title insurance cannot be transferred to a new owner. Each owner must purchase their own title insurance.
No. A person who doesn't own a car cannot sell it. In order to purchase a car and then register it in your name as owner you need a Certificate of Title signed by the present owner of the car. That certificate is the document that transfers ownership to you. You must then turn it in to the state department of motor vehicles to register the car in your name. The DMV will then issue a new Certificate of Title in your name. Without a Certificate of Title you are not the legal owner.No. A person who doesn't own a car cannot sell it. In order to purchase a car and then register it in your name as owner you need a Certificate of Title signed by the present owner of the car. That certificate is the document that transfers ownership to you. You must then turn it in to the state department of motor vehicles to register the car in your name. The DMV will then issue a new Certificate of Title in your name. Without a Certificate of Title you are not the legal owner.No. A person who doesn't own a car cannot sell it. In order to purchase a car and then register it in your name as owner you need a Certificate of Title signed by the present owner of the car. That certificate is the document that transfers ownership to you. You must then turn it in to the state department of motor vehicles to register the car in your name. The DMV will then issue a new Certificate of Title in your name. Without a Certificate of Title you are not the legal owner.No. A person who doesn't own a car cannot sell it. In order to purchase a car and then register it in your name as owner you need a Certificate of Title signed by the present owner of the car. That certificate is the document that transfers ownership to you. You must then turn it in to the state department of motor vehicles to register the car in your name. The DMV will then issue a new Certificate of Title in your name. Without a Certificate of Title you are not the legal owner.
You can finance a car, but cannot add another person to the title. If you buy a car outright, you can add whoever you wish.
A title is a document that proves ownership of the vehicle. A vehicle cannot be legally registered and licensed. When you purchase a vehicle you receive the title from the seller. You take the title to the DMV, fill out the paperwork and you will receive a new title in your name and the name of any lien holders.
Typically you cannot transfer the car title because the person who is financing the car doesnt even have the title, the title stays with the bank. Youd have to go to a dealer with the person and have the dealership work that out
Ask the person on the title to repossess the car. You may have legal liabilities until the car title is properly transferred.Another PerspectiveA person can't sign over the Certificate of Title if it's not in their own name. That would be fraud and forgery. The person on the Certificate of Title must sign it over to the person in possession. If that is not possible then the title cannot be transferred legally and the person who is in possession of the car will not be able to register it or sell it. You'll just have to forget about it. Ownership of that vehicle is in the twilight zone until it is transferred properly.
The grantee on the deed is the owner of the property. The grantee(s) on the deed is the person who holds title to the property. If the person who provided the cash to purchase the property wants an interest in the property they must be named as a grantee on the deed or they must have the owner execute a mortgage naming them as the mortgagee that will be recorded in the land records.