What is needed in Utah to repossess a vehicle that has been sold privately with no written contract if the title is still in your name?
- 1. to avoid the hassles(possible lawsuits) next time, BETTER paperwork on your part. Contract, payment record, security lien on the car.
IF the title is in your name, you are merely taking possession of your car. How will you explain why you did it when the debtor reports it stolen? He said/you said???
If the title is still in your name, you actually have more leverage. The car is still legally yours. If you have any questions feel free to email me, I own my own repossession company.
Can you repossess a vehicle that you sold to a friend if you have a written contract for the sale of the vehicle?
Does the lien holder have the right to repossess your car if you left on a handshake and you had no contract and it was a private lender?
Can you repossess a car if you do not have a written contract on it but you are a lienholder and you have the title with your name listed as lienholder?
If you don't have a "contract", you aren't a leinholder. A lienholder must have a contract and have filed the notice with the county recorders office and the title must state you as the leinholder. If the person is named on a title as a lien holder he or she has the legal option of repossessing the vehicle as it is determined by the laws of the state where the vehicle is registered.
How do you repossess a vehicle in Texas when the purchaser has sold the car to a third party before payments were made in full and are now delinquent?
How do you legally repossess a car from someone late on their payments that's in lien to you but registered to them?
From my Experience All you really need is a written Contract on the said property, Dealers, Used car lots, and Banks register the property financed so it shows the lien on the title. Private sales with money owed if you have a written contract you can repossess on site. if this is an oral agreement, You will have to go through the small claims division of the county courts
In Pennsylvania can you repossess a car that is titled in your name if the person has made car payments but has several parking tickets that are also in your name?
It depends upon the exact wording of the title of the vehicle and if there is a written contract or a witnessed verbal agreement concerning the terms of the sale. Generally the title holder can recover a vehicle under such conditions. The best option is to obtain legal advice before taking any repossession action.
The answer depends on how the lease is written. If the lease payments stop then the company can choose to repossess the vehicle. If the family of the deceased and the company can reach an agreement then the family could take over the lease if all parties agree. as a death is involved an attorney may need to be involved.
They have not followed our written agreement and I would like to get my vehicle back. What can I do to get it back?
A written contract is easy to enforce. You must follow any guidelines stated in the contract once the breach of contract has been done. If it is a simple matter of they have not paid for the car as stated in the contract you can demand payment in full and if they don't pay in full reposess it. If it is a case of sellers remorse then there's nothing you can do. You may need…
You need to make sure you have a written contract buying the vehicle and that the finance company or bank has changed the name on the contract or I would not recommend taking over a car payment. The reason is that the vehicle is not yours in any way or fashion. It belongs to the other person even if you are making the payments it still belongs to them. For this reason, you cannot insure…
Oral contract means they can DODGE the contract. But the written contract they cannot do anything they should do what is in the contract.AnswerSometimes written contracts cannot hold up. It depends on many different things. Oral contracts can sometimes be as good as a written contract if there are witness to the verbal agreement.
In the state of Wisconsin can a car company repossess your car without a written notification and contacting the police?
An oral contract is a contract the terms of which have been agreed by spoken communication, in contrast to a written contract, where the contract is a written document. There may be written, or other physical evidence, of an oral contract - for example where the parties write down what they have agreed - but the contract itself is not a written one. In general, oral contracts are just as valid as written ones, but…
It is not outside the realm of possibility; however, it would need to be a provision in the original sales contract. Since all of the US states require insurance of some sort on all vehicles, it is possible that a lender has written this in to the contract. It would protect their collateral in the event insurance lapsed.
It depends on the nature of the error. If the contract states that something must be done by a certain date and the wrong date was written in you might have a problem. If the date the contract was signed was written incorrectly that may not be so serious. You must have the contract reviewed by your attorney. It depends on the nature of the error. If the contract states that something must be done…
If you sold a truck to a friend and there is no security agreement and no title can you still repossess the truck for failure to pay?
If you've already signed away the title, no. The old wisdom goes something like: "A verbal contract isn't worth the paper it's written on." Not really much of a friend, is he. * Verbal contracts are binding in all US states. The difficulty is in proving one's claim. If the seller has proof that the buyer made any amount of payment, has witnessess to the transaction, then a case can be made. Such a case…
A vehicle is considered a secured debt. Therefore there is no SOL governing the repossession or collection of amount owed. The vehicle legally belongs to the lender/creditor until payment is made in full. * There is an SOL pertaining to when the lender may file a lawsuit to recover any outstanding debt. Vehicle loans are considered written contracts and under NH law the SOL for a written contract is 3 years.
Until the vehicle is paid for, a person is basically renting the vehicle. If that person pays all but the last monthly payment and defaults, he or she has broken the contract (verbal or written) and is not entitled to any refunds or compensation. The monthly payments are rent for that vehicle, similar to renting anything else, an apartment, equipment, a moving van. The money is for the use or privilege of using the vehicle.