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If lender's name is on the title as owner and/or lien holder they have the legal right to recover the vehicle and sell it if they choose to do so.

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โˆ™ 2006-03-19 16:34:18
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Q: Your sister took out a loan for a vehicle for you loan is in her name and registration tags you didn't make payments to her for a few months now she says she is taking the vehicle back and sell it?
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You are confusing me. The primary borrower should have the registration, insurance, and possession of the vehicle, not the cosigner. I am currently going through a situation where I cosigned for a car for my sister. Due to her lack of making payments, I have hired an attorney to try to obtain possession of the vehicle. Both her and I are listed on the registration/title as 'or'. She has possession of the vehicle, the registration (which I obtained a copy of from the Motor Vehicle Office) and carries the insurance. My attorney tells me although I am on the title, registration, and loan, in oder to 'take' the car I have to go to court and have the judge issue a Writ of Possession. This being the case, depending on your state laws (I am in Florida), the other person would likely have to go to court to get the Writ of Possession to take the vehicle from you. I have learned the hard way (I am quite jaded because of this experience) the person who has the car in their possession has most of the rights - regardless of who is making the payments. Hope this helps. DON'T EVER CO-SIGN FOR A CAR FOR ANYBODY NO MATTER WHAT!!! PLEASE LEARN FROM MY MISTAKES!!!

Your sister took out a loan for a vehicle for you The loan is in her name and registration tags etc you didn't make payments to her for a few months now she says she is taking the vehicle back and sel?

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