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What is an auto lienholder?
A lien holder is someone who has a financial interest in a car. It could be the bank you financed it from, or someone else who the car owner owes money to. The car owner's name is on the title with the lien holder's name so that you can't sell the car without the lien holder signing the title...this means that you don't owe the lien holder any money on the car. The car is now 100% owned by the title owner.
How do you get a title on a vehicle that the owner don't have one?
If the title is in your name only, then the new buyer will not be able to put the title in his name. If it was repossessed, then the lienholder was able to sell it and the sale is valid.
What does it mean to have a lienholder on title?
Having a lienholder on a title means that a lender or creditor has a legal claim on the property until the debt associated with it is fully paid off. This claim is typically established through a loan or mortgage agreement, indicating that the lienholder has the right to take possession of the property if the borrower defaults on the loan. The lien is recorded on the title, making it public knowledge and affecting the owner's ability to sell or refinance the property without addressing the debt first.
How do you Sell a vehicle that you are financing?
If you are financing the sale, you would list your name and address on the title as Lienholder or Secured Party.
What happens when a company purchases property and the seller used a revoked power of attorney?
The deed is invalid and there was no transfer of the owner's interest. The matter must be resolved in court if the proceeds were turned over to the person claiming to have power of attorney. That is why smart buyers arrange to have the title examined and verify who has power to sell when the owner will not be signing the deed in person.The deed is invalid and there was no transfer of the owner's interest. The matter must be resolved in court if the proceeds were turned over to the person claiming to have power of attorney. That is why smart buyers arrange to have the title examined and verify who has power to sell when the owner will not be signing the deed in person.The deed is invalid and there was no transfer of the owner's interest. The matter must be resolved in court if the proceeds were turned over to the person claiming to have power of attorney. That is why smart buyers arrange to have the title examined and verify who has power to sell when the owner will not be signing the deed in person.The deed is invalid and there was no transfer of the owner's interest. The matter must be resolved in court if the proceeds were turned over to the person claiming to have power of attorney. That is why smart buyers arrange to have the title examined and verify who has power to sell when the owner will not be signing the deed in person.
If your car is going to be repossessed is it legal for you to sell it before the actual repossession?
Not without permission of the lender. A vehicle cannot be sold without a clear title of ownership. The lender is named on the title of a vehicle as the "lienholder" until the vehicle is paid for or otherwise released by the lienholder.
Can you sell a car without owner present?
Yes. But, seller must sign back of title and DMV docs. Buyer takes risk, even with clear title, without witness to actual seller signing papers.
Can the title owner sell the car?
The person listed on the title is the only person allowed to sell the vehicle.
Can you sell your car to a salvage yard if it has a lean on it?
No you cannot. reguardless of whether the vehicle is undrivable or in perfect shape the lienholder must be notified if the car is to be sold scrapped or otherwise. To do so (sell scrap same thing)without telling the lienholder is a crime. only a clear title permits you to sell a vehicle on your own. If you have a lien you must pay that off before the title can be transfered.
If you sell land but retain a half interest in the mineral rights is the land owner obligated to contact you if he leases the land for drilling?
Yes. In addition, the company should perform a title examination before signing a lease to determine the legal owner of the land. The title examination will reveal your mineral rights and the drilling company should contact you.Yes. In addition, the company should perform a title examination before signing a lease to determine the legal owner of the land. The title examination will reveal your mineral rights and the drilling company should contact you.Yes. In addition, the company should perform a title examination before signing a lease to determine the legal owner of the land. The title examination will reveal your mineral rights and the drilling company should contact you.Yes. In addition, the company should perform a title examination before signing a lease to determine the legal owner of the land. The title examination will reveal your mineral rights and the drilling company should contact you.
Do you need a title to sell your auto?
If the vehicle is paid off yes...If you are still making payments and you want to sell to an individual you will need to talk with your lienholder. If you are selling to a car dealer they will handle it for you.
Can you buy and sell a car the same day get the seller to sign over the title with out me signing it trade in or sell to someone else?
No
