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What else can I help you with?
What do you do if you sold a vehicle to someone with a promissory note stating they will make payments and signed the title over if they do pay?
If they signed the promissory note, then it is legal, and binding.
What happens to a promissory note if the creditor takes title to real property?
Real property can only be encumbered by a mortgage and not by a promissory note. A promissory note has no effect on real property it is only evidence of a loan. If the mortgagee acquires title to the mortgaged property the title merges and the mortgage is extinguished.
What is open title?
no, buying vehicle from someone who got the vehicle through a mechanics lien
Can you register a vehicle if the loan is in someone elses name?
If your name is on the title
How do you get a title for a vehicle if the owner didn't give you a title?
Did you get a bill of sale? Post a bond - it costs some money- that there is no problem with the title.
Can i sell my real property if there is a conveyance title in someone else's name?
You can sell your real property if there is a conveyance title in someone else's name, but the money will not legally be yours. The money will belong to the person who has the title.
What does open title mean?
When the owner of a car signs the title, it becomes and open title, and the holder of the title is the owner of the car. When selling a vehicle, the owner should not sign the title until they have the money because if the buyer has possession of the open title and the vehicle, they can clam ownership.
How to find out if a vehicle has a lien on it in someone else's name?
it would be listed on the title
How do i get a title switched over if the person i bought it from hasn't switched it over and we cant find the owner that is shown on the title?
Why would you buy a vehicle from someone who does not have clear title? Take the vehicle back to the person who had no right to sell it in the first place and get your money back. They did not meet all the terms of the contract in that they failed to provide clear title; therefore, the contract of purchase and sale is null and void. Next time ensure that the person who is selling you a vehicle, actually owns the vehicle. Good Lord!
Title 31 usc 5118 negotional debt instrument?
bonded promissory note
If you sold your car to someone who stiffed you for the vehicle can you sell the title if it is still in your name?
Depending on the value of the car, you might be able to sell just the title to someone. Very limited value in just a title.
Could you inform me about title pawn loans?
A title pawn loan is a method of using your vehicle title as collateral for cash. Its mostly done when you need money and don't have time. You can give your vehicle for a certain time to and get cash for it.
