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The title is only released when the debt or loan is paid in full. If you want the lender to pick up the car, I'm guessing that you can't or don't want to make the payments. The lender can refuse to pick up the car, but, if the debt remains unpaid, they will probably have the car repossessed which will negatively affect your credit rating.
What else can I help you with?
Lien on property in which the debtor filed a Chapter 7 and listed the debt incorrect The lien is still valid but the title co and the lender refuse to acknowledge it How can you collect the money owed?
No.
Can a title pledge lender refuse to take a payment?
If the payment is late or not in full, then yes. If the payment is on time and in full, then no.
When lender holds loan is title still considered clear?
No.
Can you sell a car for parts that still has lien on the title and continue to make payments yourself?
The answer is NO, unless the lender approves of the sale. Contact the lender.
How can you sell your motorcycle if you still owe on it?
Sure. To transfer title, pay the lender and the lender will sign off, then whatever is left from the sale, you get to keep.
Can you sell a car or cycle when you still make payments on it and you don't have the title?
Yes. Im not 100% sure how the process goes,but the sellerwill have to notify his/her lender or whomever of whats going on. Buyer will provide payment and i believe your lender will forward the title to the buyers lender.
How do you sell a car if the money from a private party will be used to cover what you owe on the title?
Take the buyer & title to the car with you to the lender that holds the lien on the vehicle. Use the money he is paying you to pay off the loan and get a lien release from the lender. Sign the car over to the buyer at the lender's place of business. Take this lien release and the title with you and the buyer to your DMV, and transfer the car into the buyer's name.
What if previous owner still has title to the car you got a loan for?
I doubt that the title is still valid; but check with your lender before you make loan payments and make sure. They should be holding title in your name with a lien.
If you have the title to your vehicle can the bank still repossess it?
If there is money owed to the lender with the vehicle used as collateral, the lender will be shown as a lien holder on the title and can if the contract is defaulted recover the vehicle according to the laws of the state in which it is registered. yes
How do I get a title to a vehicle that was secured by a loan that was not reaffirmed after bankruptcy?
You don't. You voluntarily surrender the vehicle to the lender, or at least offer the ooprtunity for the lender to secure it. If the lender declines, you get this in writing and ask the lender to surrender the title to you. On the outside chance this occurs, you take the title to the DMV and change the title.
How do you get a clear title after you get done paying a car loan off?
Get a lien release from the lender and take it to the DMV.
In Missouri how can you repossess your truck if your parents have it stored and refuse to give it back and there's no title or proof of ownership?
The lender files a WRIT of REPLEVIN and the sheriff goes out and gets the car. IF the lender has a lien on the truck,ect. All that legal stuff. LOL
