Yes, the buyer needs to know before buying. You can get the money, pay off the car and get the title in the mail within 2-3 weeks. Then sign it over to the buyer. It is suggested that you don't let the buyer take the car until the title is in their hands.
You cannot "sell" a car without the title because the title is proof of ownership. Without the title the buyer can't register and insure the car.
ONLY if you can find someone to buy it without a title. NO buyer, NO seller.
I know in MA that the title is considered a legal document. You are not allowed to sell a car without the title.
Yes, when a title company closes an escrow without issuing Title Insurance, they typically require the buyer to sign a specific disclosure form, often referred to as a "Title Insurance Waiver" or "Title Policy Disclosure." This form informs the buyer that they are not receiving title insurance and outlines the implications of that decision. It's important for buyers to read and understand this document before proceeding with the transaction to ensure they are aware of the risks involved. Always consult with a real estate attorney or professional for guidance in such situations.
These type of transaction is illegal since there was no car title that has to be presented in selling that car.
Only if he is the only one on the title.
This is a civil matter. You should not sign over the title without being paid or without having the buyer sign a valid promissory note. You need to sue the buyer in civil court.
if da buyer does not get da title in their name legally is not ders
Title insurance is required in most states. This is not the same as an automobile title. Title insurance is designed to protect the home buyer and the lender. Title companies research public records to determine if a property has liens against it that may put the investor or home buyer at risk.
You cannot sell or trade a car without a title. Apply for a duplicate title at your local DMV.
yes