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What if the seller is not the title holder when selling the car?
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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!
What is the penalty for a car dealer selling a car without a title?
He cannot sell a car without a title and it is illegal. The penalty varies from state to state. Who in their right mind would buy a car when the seller does not have a title to the vehicle?
How do you put lien on car that you are selling to a private party?
Record lien on title- as 1st lien holder
How do you sign over the title on totaled car?
Sign off on your part as the seller on the title itself just like you were selling it to anyone else.
Are both signatures on title needed when selling a car?
If the title has more than one name on it then yes. Or if you mean buyer and seller signature that is also yes.
Car purchase seller has no title?
Then seller doesn't own the car. Don't buy a car without a title. The title is the only thing that proves ownership. ---- If the seller has no title, the car might be stolen. DO NOT buy the car.
Can I put a lien on a car title I'm selling if the buyer is making payments to you?
You can if you listed yourself as the lien holder of the car at the time you transferred the title to the person making payments. If you did not do this at the time you transferred them the title, you can not legally do anything.
What does open title mean?
When the owner of a car signs the title, it becomes and open title, and the holder of the title is the owner of the car. When selling a vehicle, the owner should not sign the title until they have the money because if the buyer has possession of the open title and the vehicle, they can clam ownership.
How to get a car title for a used car?
In a private party sale the title should be released and signed over from the seller to the buyer when the agreed upon amount of money is exchanged. If the seller does not have a title available, it would be best not to involve yourself as there may be a lien on the title from a bank or other party which could forfeit you from legally owning the car even if you paid the seller for the car. The lien holder of the title must sign off on it before it can be transferred. If it is a sale from a car dealer then they should give you a bill of sale and come up with a title for you at some point. The amount of time may vary as they may not have a title in hand right away.
If you are selling a car and the purchaser is paying payments on the car can I be lien holder until they pay the car off?
If the car is still financed then that financier would be the lien holder. If you already hold title then you could technically be the lien holder and keep the title until the buyer pays it off but you would be held responsible for any registration related charges while it's still in your name.
What if i got a motorcycle but the seller nevr sent me the title?
If you get a motorcycle but the seller never sends you the title, you should contact the seller. If the seller still does not give you the title, you should take the seller to court. The seller is obligated to provide you with a valid title so that you can register the car.
Can your car be repossessed if there is no lien holder on title?
no
