Vehicle Titles

A title bonded due to incomplete ownership documentation refers to a situation where the ownership of a vehicle or property cannot be fully verified due to missing or insufficient documentation. In such cases, a bond is obtained to protect potential future claims against the property, essentially guaranteeing that the rightful owner will be compensated if any disputes arise. This process allows the current possessor to obtain a legal title while resolving the documentation issues. It often occurs in situations like inherited property or vehicles with lost titles.

It all depends on why it was totaled/reconstructed in the first place. Since cars are totaled when repair costs exceed 50-75% of the car's value (depending on what state you're in), an older car can be totaled for simply cosmetic reasons since they're worth less and easily totaled - even $2k in body work will total an otherwise mechanically sound older car like a '95 Volvo or Honda . Now a newer car that's been totaled is a problem since it could have sustained over $15k in damages and that's major. It all boils down to why it was totaled, are there before and after pictures and are the repairs top notch.

If it's been totaled due to flood damage RUN! These are problematic cars that are not easily restored and may have a lifetime of quirky electrical problems.

Buying a reconstructed car is no different than buying any used car. Do a Carfax, get a pre-purchase inspection, make sure the frame's straight and if it all checks out and you like the car buy it BUT don't pay more than 60% of the value of a comparable car with a clean title since that's all it's worth and plan on keeping it for a while to get your money's worth out of it since resale is harder. And contrary to all the bull you hear, you can get insurance on it from most companies but since it's worth less they will pay out less if it's totaled again or stolen so don't pay too much for it! I own a reconstructed car presently and it's the best car I've ever owned and I only paid $1800 for it and spent another $1000 to bring it up to top notch mechanical standards (major tune up, new belts and hoses, rear brakes). A great deal and it looks and drives fine with no problems at all, so if it's a good car that checks out I can think of no disadvantages to buying such a car!

Keep in mind this food for thought: an new car gets rear-ended and incurs $5000 in body damage. It gets to keep its clean title. A 10 yr old car with the same damage would be deemed totaled even though the damage is identical. A clean title, therefore does not mean an undamaged car.

It depends on your state. Missouri, for example, does not require the title to be notarized.

Yes you can make it a reconditioned title by having the repairs whether mechanical or body work done. having it inspected and following the regular title procedures, and you will have yourself a blue reconditioned title which only reduces the price a few hundred to possibly even a thousand retail book value. But none the less can be operated on the streets, get insured, and resale your clear title vehicle.

Every car needs innit thats what it needs.

oh and to be precise it needs gas or fuel whatever u people call it

The friend is obligated to clear the title before attempting to sell it. A lien is a legal document that protects the lender. The lien is a notice of interest in a piece of property and gives notice of partial ownership. The banks interest in the property cannot be set aside until the note is paid. If the note is never paid the property can be taken by the bank in a process called reposession. If you or your friend do not pay for the loan on the motorcycle, the bank can take it back from you.

No

a salvaged title on the car basically means the insurance company calimed the car as a total lost. either due to a major accident or theft. clear title means the opposite, the car has no problems on its history.

A substantive title is one that relates to another relative having an existing title. A classic example is a King, who's sons would have the substantive title of Prince. The substantive title issue becomes much more complicated with Dukes and Earls.

In reference to real property that has been abandoned the town must initiate a court action to take possession of the property for non-payment of property taxes. Once that procedure has been completed the town is the new owner and can sell the property at an auction. If you have a particular property in mind you can visit the tax assessor's office and inquire about that property.

I really cant answer that, but in my opinion it would be smart to go back and see if you can get some kkind of proof of ownership

Get the lenders name removed from the ownership.

**actually the lenders name will not be on the ownership papers as anything other than "seller", once your loan is paid out, you have no worries, the car is yours.

The bill of sale, ownership and finance papers should show you the term of your finance, monthly payment, interest rate, number of payment, etc... when the terms have been carried out, you will be the only legal owner of the vehicle

If they signed the promissory note, then it is legal, and binding.

Yes. And, depending on the car, it can be in more locations than just the dash.

It will be on the car's firewall, the rear of the body, the drivers door, the left front fender, the trunk lid, and more.

She still is a Mrs. The women I know who have kept their names use the Mrs. with their own name. So, if she is Kate Smith and marries she becomes Mrs. Kate Smith.

yes

rattletrap

Not arbitrarily, the co-signer would need to sue the primary borrower and be awarded the vehicle or the money owed to complete the loan agreement.

They feel friendly towards the faraway train but afraid of the engineer when he is near.

I had this happen. You won't get a title from the dealership or the bank until the car is fully paid for. If you have completely paid for it, go to the lender and wait for them to to produce it. Usually it comes to you pretty quickly.

If you paid cash, find out if the DMV knows where the title is and ask the dealership to provide proof they have a copy of the transfer paperwork showing the DMV has processed the title. Without that, you could have a situation where the dealership has not paid the bank for the car and their bank still has the title. This would be a big problem, and in this situation you could file paperwork with the dealership licensing division, indicating a title fraud problem. I hope this isn't the case.

M., please do not think that the bank is crazy. Why did you pay payments to THAT bank on a loan that that car is collateral for? That's called a perfected lein. That is how you will owe the BALANCE DUE plus repo fees,plus attorney fees, plus auction fees, ect. Sooo, take the car on down to the bank, get this mess over with. You are adding money you owe by playing around with the title deal. You didnt invent this game and your not the first to play. The odds are much worse than a casino that you might win. Good Luck