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What is the process of having the ownership of a vehicle that was repossed back into the lien holders name?
Wiki User
∙ 9y ago
There is no transfer of ownership - the lie holder was always the one who had ownership of the vehicle.
Wiki User
∙ 9y ago
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Can a vehicle be repossed without notice?
They usually are.
Can a police come into your house for a vehicle that needs to be repossed?
No.
Do I have to open the garage to give up a vehicle trying to be repossed?
no you dont
Your vehicle gets repossed you owe 11000 they your vehicle gets repossed in Ohio you owe 11000 and they sell it for 6000 do you have to pay the 5000 dollar difference sell it for 6000 do you have to p?
you usually do. it happened to my brother.
If im in military can your veh be repossed?
Being in the military is not bar to repossession of a vehicle
Can a bank sell a repossed vehicle for any amount they want?
Amount owed on vehicle- unless vehicle is damaged then they can auction to the highest bidder
How long does a repossed vehicle stay on your credit report?
7 years after the account is settled.
When can you drop auto insurance on a repossed auto?
When your vehicle is in the process of being repossessed, the bank is starting the process of taking back ownership. If you have not maintained continuous insurance coverage on your vehicle, chances are the bank will force place insurance which will add to your loan balance. If you are anticipating repossession, keep insurance on the vehicle until the vehicle is claimed. If you intend to discuss payment arrangements to get your vehicle back, you must keep insurance prove you are financially responsible. If you do not intend to get the vehicle back you can cancel your auto insurance after the vehicle is no longer yours. When the bank takes possession, you no longer have a financial interest in the car. Notify the DMV before cancelling the insurance that you are no longer the registered owner of the car to prevent fines for no insurance with the state.
What does it mean to title your car?
A title is a document that proves ownership of the vehicle. A vehicle cannot be legally registered and licensed. When you purchase a vehicle you receive the title from the seller. You take the title to the DMV, fill out the paperwork and you will receive a new title in your name and the name of any lien holders.
What if your brother left a repossed vehicle in your driveway Its been there for 2 years What can you do?
easy, tow it down to his house and dump it THERE!
How can you find out where your repossed vehicle is being auctioned at Too try an buy it back?
Bank or loan company who repossessed it.
What is the evidence of ownership of a vehicle?
The title is evidence of ownership.
