When you sign over your car title, it is like getting a payday loan. You will have high interest and a short time to pay it back. They will give you more time to pay back the loan, because they have your car title and can repose it if you are late on your payments. Be very careful when using predatory lending.
You take the title and the forms signing it over to you to your state's DMV office.
Sorry to say but no. It is a legal agreement.
Yes, if you did not pay back the loan. That is what "signing over" the car is all about.
Any title holder must relinquish ownership by signing the title release
No
No, a will not over rule a deed or title. For example, if a husband and wife are married and their car is in the wife's name alone, the dead husband's will not overrule the title.
To sell a car privately in Louisiana, you need to gather all necessary documents such as the title, bill of sale, and vehicle history report. Advertise the car, negotiate the price with potential buyers, and complete the sale by signing over the title and transferring ownership at the Louisiana Office of Motor Vehicles.
An open title on a used car is when the title of the car is signed by the seller and handed over to an individual. This means the title is free from the previous owner, but not officially signed over to anyone specific.
The steps involved in selling your car to a private buyer include: determining the value of your car, preparing the necessary paperwork such as the title and bill of sale, advertising the car, negotiating the price with potential buyers, finalizing the sale agreement, and transferring ownership by signing over the title and completing any required documentation.
I think you conduct the sale at the bank that has the lien. Once the sale is over, transfer the title over to the buyer by signing the back of the form and add odometer reading. Do this carefully or else if there is a mistake, when you try to sell the car, they automatically deduct $1500 if there is any discrepancy.
Take the title along with the buyer to your local DMV and have the car transferred over from you to the buyer. Do not sign the title over until you have the money in your hand, and do not let the buyer have the car until you have it transferred out of your name.
Yes. By co-signing they agree to pay the loan.