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Can your car be repossessed if there is no lien holder on title?
no
Can a car be repossessed if there is a lien holder on title but there is no actual loan?
hi
Can a vehicle be repossessed if the title has no security interest on it but you used the vehicle to get the loan but never gave them the title?
a lien can be placed on a title without you giving them the title. call your states DMV and ask if you car has a lien on it. I think you will be surprised. Good Luck
Who is responsible for hail damage that happened while a car was repossessed?
The owner of the car listed on the insurance policy.
Can a car be repossessed if it is used for colaterial and the title was never turned over to the financial lender?
turning over the title is NOT the only way to record a lien on your car. IF the lender did it correctly, YES, it can be repoed.
Can a car be repossessed in California without a lien being placed on the title?
IF the loan is perfected, it can be repossessed. If you have signed a loan contract with the vehicle specified as collateral for that loan, it can be reepossessed if the loan is in default.
Clear car title car for repossessed car?
098765445436376547274574 After the vehicle is repossessed and the lien holder (lender) has physical possession of the vehicle (after following state law requirements) they would simply request, and pay for a new title at a cost of a few dollars, and upon proper proof of a proper repossession.
If a cars title status says lien is it ok to purchase the car?
If the car has a lien on it, that means someone else has legal right to the vehicle probably for the balance of a car loan or due to non-payment of the car loan. If you purchase the car from its owner then you will be responsible for paying the lien or the vehicle may be repossessed by the lender or seized to pay the debt. You would need to obtain a valid release of the lien and follow the appropriate steps to have the lien released if you want to acquire a clear title.
What is the limitation on a car with a lien on it before you can get the title?
If the car has a lien, you usually have to pay off the lien before you can get a clear title. Otherwise, in this state you have the name of the lien holder on the title.
Can your car be repossessed if there is not a lien on your car you were not behind on your payments?
If you have no lien on your vehicle then no one has a legal right to repossess it. If you're not behind on the payments there would be no reason for the lender to reprocess the car in the first place. It is hard to believe you have a loan on a car without a lien. The car stands behind the loan. If there's no lien on the vehicle then the car is not involved in the loan and cannot be repossessed.
What happens if i buy a car with a lien title from the owner?
A lien title means that the car has a loan against it. If you do not have a "clear" or non lien title, the lender who hold the clear title can and does have the right to get the balance of the loan from you. The purpose of the lien title is to enable the car buyer to get the legal requirement for driving the car from the state. It's like renting the car in essence; the lien title is almost like the lease agreement for an apartment.So if a lien title is all there is...don't buy the car. It's not his to sell.Somebody has to settle the lien before you can legally own or register the vehicle.
In Texas can your vehicle be repossessed if you have the clear title in your name?
== Repo'd by whom?== If you own the car outright, who can repo it? No one's got a lien on it, right? Nobody's gonna hook your car. Not legally anyhow.
