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What is an auto lienholder?
A lien holder is someone who has a financial interest in a car. It could be the bank you financed it from, or someone else who the car owner owes money to. The car owner's name is on the title with the lien holder's name so that you can't sell the car without the lien holder signing the title...this means that you don't owe the lien holder any money on the car. The car is now 100% owned by the title owner.
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.
Who is responsible for hail damage that happened while a car was repossessed?
The owner of the car listed on the insurance policy.
How do you sign over a car title if you are not the first owner?
If there is a lien holder they must sign off as well. If not, you will be the sole owner and any previous irrelevant. Who is on the title is who needs to transfer.
How do you fill out lien release form for a car?
You don't. The only one who can fill out a lien relese is the lien holder. As the owner of the car you are not the lien holder. Take the title to whomever holds the lien and they will release it.
Can the co-owner of a vehicle repossess it from the other co-owner who has always had possession of the vehicle without the permission of the lender and the payments are up to date?
A Co-Owner has all the same rights to the vehicile as the owner, who by the way is also a co-owner. See Co-Owned..
What happens if you do buy a car or motorcycle that has a lien against it and you want to register it and you got the car with a bill of sale?
you will have to find out who has a lein on it have them fill out a fourm of lein satisfy. In most states a lien holder is recorded on the title and the lien holder will keep the title until the lien is paid off. After the lien holder is paid off, they will sign the title to release the lien and give/send the title to the owner. The title office can tell you who has a lien on the title.
Title to car still in previous owner car got im pounced and I have the title they went get car and blocked my number and hide car?
If if color title was not changed over from previous owner and previous owner went and got the car that I have the title what can I do about the previous owner getting my car when I have the title but still in his name
How do you put a lien on a car with no title in your possession?
If you are the rightful owner of the car, you could file for lost title. Otherwise, I'm not sure it would be legal. If you default on your loan, without a title the lien holder would have a difficult time collecting
Can a lienholder sell a car with out the owner signing the title?
Until you pay off the car the lien holder owns all rights to it. They can do what they wish with it if you fail to satisfy the agreement. It will typically be sold at auction and if sold for less than you owed they can come back at you for the difference.
Who owns the car the buyer or co-buyer?
Whoever is listed on the Certificate of Title is the owner of the car.Whoever is listed on the Certificate of Title is the owner of the car.Whoever is listed on the Certificate of Title is the owner of the car.Whoever is listed on the Certificate of Title is the owner of the car.
Can your car be repossessed if there is no lien holder on title?
no
