Every state has provisions for this in their laws. otherwise the world would be covered with repos the lenders couldn't sell.
They can repossess your vehicle at any time. As long as they're the lienholder on the title, it doesn't matter where the car is titled. * If a lender sues for arrearages and fees the laws of the state where the car was purchased apply, not the state in which the car is titled.
NAME OF OWNER
No - it is a used vehicle It has Already been titled
Under federal law, vehicles used in the drug trade can be seized, and are forfeited, regardless of who the titled owner is. Lienholders (but not co-owners), under certain circumstances, can file paperwork to recover the vehicle, in order to protect their investment, and it will be considered.
$385 at auction August 23, 2011
Check your local library or online auction. There was also a movie titled "Sybil" as well.
No Try Kentucky
It's nearly impossible to buy a wrecked late model vehicle at an insurance auction, rebuild it and resell it profitably if the vehicle is repaired correctly. Have the car thoroughly inspected before considering buying it. By the way the car's factory warranty will be void.
As long as it is titled in your name, you can sell it without it being registered.
no
Although my husband is not a legal professional, he is a full-time real-estate professional. He said that in his opinion, a loan on a vehicle is a mortagage, and you can't mortgage property that belongs to another - thus to get a loan on a vehicle the title and registration must be in your name. The only accurate answer would most likely have to come from an attorney. States establish laws concerning the titling and ownership of motor vehicles. It is possible in most states to have a vehicle titled to a person who is not a part of the lending agreement. However, the lender will remain on the title as a lien holder until the contract is paid in full. Titling the vehicle to another person will not prevent the vehicle from repossession action if the lending agreement is defaulted. In addition, in all states the person who holds the title to real property is considered the rightful owner (with the exception of lien placements). Therefore, the borrower could be responsible for the debt but not have the use of the vehicle until (unless) the court ruled otherwise. MY EX IS THE SOLE BORROWER ON A VEHICLE LOAN AND THE VEHICLE IS TITLED IN MY NAME. I'M TRYING TO FIGURE OUT HOW I CAN GET THE VEHICLE TITLED IN HIS NAME INSTEAD SEEING THAT WE ARE NO LONGER TOGETHER. SO YES IS THE ANSWER TO YOUR QUESTION. YOU JUST HAVE TO SIGN A PAPER SAYING IT'S OKAY FOR THE LOAN BORROWER TO USE YOUR VEHICLE AS COLLATERAL AND THEY TRANSFER THE TITLE TO YOU INSTEAD OF THEM.
The vehicle can be sold as new as long as it has not been titled.