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Can we sell a vehicle left in our possession for twenty years if we don't know where the owner is and who owed money on it for work done?
There are statutes which exist that cover situations such as these. Check with your local law enforcement agency to determine how the laws address "abandonment" of property in your state. You may be required to show a good faith effort to locate the owner and/or their heirs - also - if the vehicle was validly registered and titled with the state DMV you may also have to contact them since the vehicle ownership records probably still exist in their files. After all this time you may be entitled to claim the vehicle for the money owed for storage, if nothing else.
What else can I help you with?
Can you clam a vehicle if its in your possession the owner is deceased and owed you money for back rent?
chare the closest relitve if they dont pay shoot them
Can I be charged for rental and impound fees if vehicle is not in your possession?
The fees and fines are the responsibility of the registered owner. You can sue the driver if you want to get the money back
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 do you take possession of a co owned vehicle?
A co-owned vehicle can be taken into possession by either owner at anytime they wish...If the co-owner has a key to the vehicle then they can legally get in and drive the vehicle...If the co-owner does not have a key then they must have a copy of the certificate of title,the registration or other proof of ownership and then the vehicle can be towed. Also if the vehicle was manufactured in the last 12 years and the co-owner does not have a key they can take the proof of ownership to a local dealership and request a copy of that vehicles original key,then go and take possession of the vehicle.
What rights does a car co-owner have in Alabama?
Each co-owner has the right to the use and possession of the vehicle.
If the primary borrower in Colorado is not defaulted on the payments can the co-signer take possession of the vehicle?
The only way that a co-signer can take possession of the vehicle is if they are listed on the title as a co-owner. Even if they are a co-owner, they cannot just take the vehicle. They would need to sue the primary borrower in court to gain possession.
Can a co-signer take possession of a vehicle if the payments are a few days late?
It depends onwhat's in the contract. * The co-signer would need to be on the vehicle title as a co-owner or a lien holder before they would be able to take possession of the vehicle.
What rights does a cosigner have to gain possession of the vehicle if his name is on the title?
It depends on the laws of the state where the vehicle is titled and the wording of the title itself.
Can title loan company repossess your car in another state?
Yes. The lienholder is the rightful, legal owner of the vehicle, and can take possession of that vehicle anywhere.
What steps are involved in reposessing a car?
As soon as a lease expires on a vehicle that you have in your possession or you default on one of your car payments, the owner has the right to have your vehicle repossessed.
What is the difference between the owner of a car and the person entitled to possession of a car?
The difference is that an owner sometimes borrows money to get the car, in return he agrees to pay monthly installments until the borrowed amount is paid off, the lender holds the title to the car. As long as the contract is satisfied the person in posession of the car will be the owner, but if the contract is violated the vehicle reverts to the lender. It is what they call a secured debt, the money you borrow is sucured by the vehicle you purchased with it.
How would the co-owner of a new car take possession of the vehicle for failure of the other co-owner currently in possession to maintain insurance?
To take possession, you MUST be named on the TITLE as co-owner. the LINHOLDER will wanting to be sure the car has the required ins. coverage. IF you are on the LOAN as co-buyer, you will have to make the loan CURRENT if in default. It would work out better if you contacted the LEINHOLDER for state specific advise on the matter. If you are NOT on the loan, it could be repoed for 3rd party possession in your possession.
