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YES, they can. The person who sold the car can be charged with selling mortaged property(felony in most states).You will be out your money. best to take the car back to the seller and get your money back while you have a chance.

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โˆ™ 2004-07-17 03:33:32
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What is forfeiture

Which of these is the best description of delinquency

Which term is defined as property that is pledged as security on a loan

This is Paula's monthly budget What percent of her expenses is spent on insurance

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Q: What happens if you unknowingly bought a car that had a loan on it and the loan is not paid off can they repossess the car?
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Related questions

What happens if you have a clean title and loan is secured can finance company still repossess?

Maybe


What happens if you don't pay your car loan?

The repossess the car, can get a judgment against you and your credit is badly damaged.


What happens to a loan if the holder dies and there is no insurance or estate?

If there are no assets in the estate the lender is out of luck as to having the loan paid off, however, it can repossess the automobile.


You bought a car private in Scotland andthe previous owner did notclear the lan now l have a company wanting to repossess it?

i bought a car and the previous owner never paidthe loan off now thereis a company wanting to repossess thecar from me what can l do


Will the government repossess your home for student loan default?

No, they will not.


Can they repossess your car if your living in it?

yes, it is a default on a loan


If you have two car loans at one bank can the bank repossess both even?

Yes they can repossess everything that you got a loan for.


In Florida can they repossess your truck after taking a payment?

They can if you did not comply with the terms of the loan.


Can your loan company repossess your car if you are in arrears but are making payments?

Yes.


When can a bank repossess someone's car?

When the owner defaults on the loan payments


Can a cosigner coowner repossess a vehicle if the primary has not defaulted payment on the loan?

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


How many payments can be missed on your auto before it can be repossess in OKLAHOMA?

That's dependent on the conditions of your loan. Realistically, they can legally repossess it after one payment is missed, if those terms are stated on the conditions of the loan.

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