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Repossession
Seizure of property bought on credit for which loan payments are not being received. Please note that when asking a car repossession question, it is often useful to include the state that you live in. This will enable people to give you better answers.
11,694 Questions
The vehicle title is the only legal ownership document and cannot be transferred until both named individuals sign it and a new bill of sale. As indicated in the previous answer, the title designates ownership of a vehicle. That does not prevent any person with a valid claim for debt against the vehicle owner to file a suit against he or she to recover monies owed. The type of ownership of a vehicle is decided by the wording of the title, if the names are separated by the word "and" the vehicle is jointly owned and both named persons must agree to the sale, transfer of title, and other such issues concerning the vehicle. If the names are separated by the word "or" each named person retains sole ownership and may take whatever action they so choose in regards to the vehicle. More Options You can secure a motor vehicle title through what is known as the Notary Certificate of Default and dishonor. The NCD Method is a modified administrative procedure that assists you in securing a title for vehicles purchased or sold at private or public sale or auction. This is done through a sequence of notarized correspondences between you and the seller or opponent which is akin to getting an administrative judgment against someone. The person granting the administrative judgment is the notary who is supervising, monitoring and enforcing your interactions with the third party that you are corresponding with. The Notary provides legal proof that you sent the conditional acceptance requesting title, to the third party and proof that there was no satisfaction / relief /response. Since they are notaries and notaries are officers of the court, then an officer of the court certifies with a notarized affidavit, provided to you, that you sent the conditional acceptance to the claimant and that there was either no claim to title / response / default or there was a dishonor of your request/offer. The Notary Certificate of Default or Dishonor Method has a way of almost forcing a business or a private individual to honor or dishonor your request in their interactions with you. This is done through a sequence of notarized correspondences between you and the seller/your opponent, which is akin to receiving an administrative judgment against someone. The Notary Certificate of Default or Dishonor Method (NCD/DM) is an administrative technique based on the Uniform Commercial Code (UCC). The NCD/DM method provides an administrative, nonjudicial method that uses a notary public to create/produce/provide certified, court-admissible evidence that the business or private individual has dishonored a financial instrument / transfer of title, a motor vehicle title is just that, a "financial instrument, that you want them to affect / accept. YorkMobileNotary.com works in all fifty states utilizing The Notary Certificate of Default and/or Notary Certificate of Dishonor Method.
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No, you can only replace a lost title. If the vehicle had a lien from the bank, a replacement title will still show the lien.
What do you do if your financed car is broken and you cant afford to get it fixed?
Sorry about that, I assume you didn't/don't have any warranty? Of course this will make no difference to your lien holder payments still must be made even if the vehicle isn't driveable. Depending on what the trouble with your vehicle is, some repair facililties offer in house, and out sourced financing, talk with some and see if you can work anything out. Most will require half, some have finance companys that they have set up with to get owners qualified easier. good luck.
Can a car be sold when titled to a dead person?
If someone else has power of attorney I believe they can sell the car for the dead person (or a person who cannot think for themselves.)
Can the owner who is selling a used car keep the title till the car is paid for?
The title MUST be changed over into the buyers name, otherwise if the buyer gets into an accident you could be held responsible. If you are financing the car get a finance agreement drawn up and signed and transfer the car into the buyers name but list yourself as the lienholder. I would recommend both you and the buyer go to the DMV together so they can show you how to complete the paperwork.
How do you transfer a vehicle title?
The person who has the present title signs it over to the new owner. The new owner takes that certificate of title to the DMV and it will issue a new certificate of title in the new owner's name.
How can you get the title to a car that's been your possession for years?
File for lost title.. Its cheap..In TX its like 3.00
consumer behaviour
What year is a S registration car?
In Britain, 'S' registration on cars number plates is for the year 1998.
Where can you look up a license plate number for free?
You can't. License information is limited to enforcement and authorities (e.g. police personnel) by reason of information privacy. Any site claiming to do so is either lying or possibly breaking the law.
What does leasing a car involve?
Renting the car for a specific period of time and paying for its depreciation.
Can you finance a car in your name only for a friend but not have your name on the title?
NO PROBLEM. IF the lender will let you sign the loan papers, you ARE responsible till death do you part. DONT DO IT. GIVE them a cheap PAID FOR CAR and let them SAVE to buy their own. Good Luck
You may be able to keep your name off of the title, but the bank will probably insist that your friend also sign the note.
Actually, financing a car for another person is called a straw purchase, and most, if not all finance companies will not allow it if they know it's a straw. In a few states, straw purchases are actually illegal. Before anyone mentions this: Co-signing is not the same as a straw purchase.
Yes, it's legal. You need to allow time for processing of payment and whatever paperwork and record keeping needs to be done. Be patient. Yes,It takes them that long to get the paper work in process.
yes, but if you don't won't to get ripped on finc. sell your car out right, and get a small loan for the diff. that way you want be over your head in the next car. example your car is worth (selling out right to joe blow) is $12,000/ the dealer probley would give you $9,000. the car you are wanting is $14,000 that would be $5,000 that would roll over with the dealer, but only $2,000 to joe blow. that would make your $14,000 car into a $19,000 car that is only worth $14,000. i hope you under stand this.hope it helps. just trying to help you save a alot of money
No, a minor cannot register a car. A minor cannot register a car because it is one of the privileges that a minor does not enjoy. When registering a car the personal official documentation is usually required.
Can you sell a car back to a dealership once you paid for it in full?
You can if they are willing purchase it and you understand that by doing this you will get far less that you would to sell it retail yourself.
get a hold of the bank and tell them u are surrendering the unit and give them all the info of where it is how to get the keys. clean it out let them know if it is drivable and so on.
This question can not be answered in months, days and hours, it depends on several things. How much do you consider LARGE,ect. how well you do at rebuilding your credit rating, how well you know the loan officer. Could be 6 months or 6 years.
Can a lienholder repossess a car if it is titled to another lienholder?
When there are multiple liens on a car, it is possible for either lien holder to repossess it. However, one lien holder is normally in the first position and the other one is in the second position. The one with his name on the title is normally the one in the first position and is the one who gets paid first when a car is repossessed, no matter who does the actual repossession.
What are examples of voluntary car repo?
If you call the Bank; Finance Company and let them know that you are going to return the vehicle to them. They tell you where you can drop the vehicle off and you deliver it to that place. That is a voluntary repossession. The only other thing would be if the Bank; Finance Company agrees to pick the vehicle up at your residence at no charge.
The buyer has to go to the bank with you, write the check to the bank and you and the bank will give them the title and give you the remaining money.
What can you do if you have a clear title and your car gets repossessed?
If you have a clear title, you car can't be repossessed. Either the title isn't clear or the leinholder believes monies are still owed on the car. If the title is clear, show it to the company authorizing the repossession. If you truly had clear title and there were no leins or other encumberances and a judge didn't declare that the car was to be sold to satisfy OTHER debts, you can sue for damages. If you didn't owe money to the people who had the car repossessed, you should be able to sue them for LOTSA BUCKS, and you definitely should.
Doubtful. Ask the seller if you can back out. He may agree, but if he doesn't you more than likely own this car. Call your state Atty. General to see if your state has a cooling off period for cars, which I doubt.
