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You are current registered owner of car at DMV Leinholder lender that gave you loan is current legal owner at the DMV Can another lender repo your car saying they have an old interest in vehicle?
Wiki User
∙ 13y ago
No, this would be considered a lien loss. Typically this occurs when a vehicle is traded in, previously repoed and resold, or sold outright and the previous lienholder either never perfected the lien, or provided the proper paperwork when reselling it after repossession. If the vehicle is repoed, contact your lender to ensure they did not order it, contact the repo agency who recovered it and report it wrongfully repoed, and demand the name of the lender who ordered it. The vehicle if actually wrongfully repoed must be returned to you undamaged as soon as possible.
Wiki User
∙ 13y ago
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Where can I view the current interest rates for FHA loans in Texas?
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YOu need a lawyer for a legal, correct and current answer.
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