If you are financing the sale, you would list your name and address on the title as Lienholder or Secured Party.
with cars no, Your bill of sale is the title or deed to your vehicle
It depends on the Motor Vehicle laws of the State the vehicle is in. In New York, you cannot register a vehicle unless the Title is presented at the time of registration. The Bill of Sale is worthless without a vehicle title
You can sell your vehicle with a bill of sale. The title office will except a bill of sale as proof of ownership and payment.
Did you get a TITLE to the "stolen" car? If not, the you sorta assumed the risks. Was it actually stolen at the time of sale or just not removed from the list after being recovered?
Legally? Absolutely not.
want to buy a vehicle without a title but with a bill of sale
The 'title" that the DMV issues reflects the true ownership of the vehicle as recorded by the state. A bill of sale is a document that transfers ownership of the vehicle from the seller to the buyer. It functions as both a basic agreement for the sale of the vehicle, and also as the sales receipt.
Did you get a bill of sale? Post a bond - it costs some money- that there is no problem with the title.
When you are purchasing a vehicle, you should confirm the location and possession of the vehicle's title. If you have purchased the vehicle from a dealer, and have made all required initial payments, the dealer is required to deliver the title to you within 21 days of the date of the sale. If the dealer cannot deliver the title at the time of sale, you may request a 21-day affidavit from the BMV which the dealer is required to sign stating that he or she will deliver the title for the vehicle to you within 21 days of the date of sale.
You must have a title to sell a vehicle if the new owner plans to title the vehicle. If you are selling the car for "parts only", and not planning to put the car back on the road, then you can sell it with a bill of sale only. If they want to title the vehicle, you need to go to your local DMV and apply for a lost/stolen title. Once you get the duplicate title, then you can sell the vehicle.
Nope, they should have applied for a lost title prior to the sale. And you never ever buy a vehicle without first doing a title check and leaving with the title and bill of sale.