If a seller dies, a loan might still be owed by the family of the person that died. In some cases, the loan would be forgiven if the seller died or passed away.
no you need the tittle
Typically you need a car with insurance to get a title loan. If your car is totaled, the loan company are entitled to that money since they hold the title for your car.
ONLY if you can find someone to buy it without a title. NO buyer, NO seller.
You will lose the car if the Auto title loan is not paid. The lapse in repayment can result in reposession of the car.
They are sent to an auction and sold.
you pay money
what happens if your husband dies and i am on deed,but not on loan.am i responsible for the loan and do i keep the house/
they take your car
'Title Loan' is a loan you will be getting of having a car loan on your on name.
If there is a specific contractural agreement between seller and buyer and a lien has been officially filed against the title of the vehicle, then assuming the purchaser is in default of the loan - then yes.
After you pay off a loan, the title is usually sent to you, and leins are dropped. This will vary from instance to instance though. Ask your loaner.
If the seller still needs to wait for the title to come in the mail because they had a loan to pay off, then this is normal and it could take about 2-4 weeks for it to come. If it was a dealer or the seller has the title but will not give it to you, then you can demand your money back or take him to court for the title or money.
The creditor reposseses the car, and you take the bus.
The estate has to settle the title. The secondary person can be held responsible for the loan until it is resolved.
The seller was suppose to give that to you when you bought the car, you both sign the title and you take it to file with the county auditors office. If the seller had a loan to pay off, you will have to wait until it arrives in the sellers mailbox (can take 2-4 weeks) before they can sign it over to you. If the seller sold the car and you believe he is holding out on the title, take your receipt of payment (copy of the check and 'bill of sale' from the seller) and go to small claims court for the title. Make sure you get all evidence and documentation so you are prepared.
Every car obtained on loan definitely is an insured one.One gives loan on insurance basis only.
It means that when you go to buy the car from the seller that you can directly get the title from them, you don't have to wait until they mail it to you, after getting it back from the bank if they had a loan on it.
You will not be able to get the title to a car that still has a loan. The seller will need to pay off the loan before you would be able to get the title. A car title indicates the car is wholly owned by that person. If an individual is trying to sell a car they do not own outright, personally I would run, not walk, away. I would also wonder how many other times they have 'sold' the car???? Wait, lots of people sell cars without having paid off their loan. You have to meet the person at the bank holding the title and make everything happen. this is not that uncommon.
I think it may mean that the seller of the vehicle will "hold the loan" or will let the buyer make payments to them and once paid in full, seller will then sign title over to buyer.
The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.
Yes, they would obviously know about it. When a title loan company offers you a title loan, it will check the car title well in advance. When it checks the title, it will easily come to know about any liens.
Legally, if you received any notification fro the lender that the loan was paid in full, and you received a clear title from the lender, the loan is paid in full and you have a clear title. Ethically, you may have problem. Morally, you may need to work with the company to correct the error.
It is a FELONY in most states to sell leined property. Why would you want to do that anyway? Most title loans are the easiest place in the world to let someone ASSUME your loan. Its not like you even have to have credit to get a title loan. Keep your account current and you shouldn't have anything to worry about.