Should I buy a used car with no title in hand?
Now wait basically a minute. You went to the financial business enterprise together with her and witnessed her paying off the non-public loan. How could desire to she (or greater desirable yet, why could she) repay a private loan on a automobile she stole. That isn't smart. What did the non-public loan officer say to you in spite of each thing that happened? they could have counseled you that the identify will come directly to you interior the mail and that it may take a week to 10 days to technique. The DMV is authentic, you will no longer be able to sign in the motor vehicle without the identify however the identify comes from the financial business enterprise directly to the shopper while a private loan is in touch. The Carfax record is beside the point. How long have you ever been waiting? you have a notarized bill of sale. If it fairly is been longer than a month i could touch the guy on the financial business enterprise and the business enterprise.
You were given title to your home via a warranty deed. That deed was recorded to assure your ownership. At closing you will give the buyer a new warranty deed - not the one you received. You and anyone else on the deed will have to sign the new deed and you will only do so after you have received your funds. I do not know anything about the sales contract to purchase your home and any conditions that might effect what you want to do. But should the two of you come to an impasse, the purchaser could take action to put a lien on your home preventing you from selling it to someone else until the lien (cloud) is resolved.If the purchaser is truly in default, you can ask to be unilaterally released from the contract- via the contractual language and demand any earnest money the purchaser made be given to you.I live in Michigan and I’m not an attorney and I’m giving you my interpretation of your situation based on Michigan law. Please consult an attorney licensed to do business in Texas.
Wow, you got a bunch of answers, and only one of them was correct…. Illie Csorba’s.Modulo some additional regulatory restrictions which may be placed on dealers in some jurisdictions which don't apply to folks without dealers’ licenses, yes, anyone can sell a vehicle that they own without having a title associated with the vehicle. When a vehicle is sold without a title, it's often accompanied by a Bill of Sale, or at least a receipt, which can be used by the buyer to get a title issued by their Department of Motor Vehicles. Having a title really isn't a big deal unless you want to sell to someone who can't afford to buy without financing… the title is just there to make clear that a lien-holder is the owner of a vehicle, rather than the person who actually holds the vehicle, when there's a lien-holding financier.I’ve bought dozens of cars (actually mostly trucks) without titles over the years. It works fine. Sometimes I subsequently do the paperwork to have a title issued, sometimes not. Depends whether I think I might resell the vehicle again.
Did I get scammed? lien title but my car was paid off in 2005?
In 2007 I bought a 1997 oldsmobile cutlass paid straight cash for it from a automobile place called Premier Motors.. (it was during tax season) the car cost me 4,000 + tax and tags I gave them 3,000 upfront and the following 2 weeks later gave them the remaining 1,000. I started to feel like I was getting bamboozled bc they told me I needed to give them an additional 500 finance charge. I asked them why was I to give them a 500 finance charge fee when I paid the car off in less then a month, they came up with some excuse and I told them I would contact a lawyer, so 2 weeks later I go to the dealership and theres zero cars on the lot and they were straight gone, no where to be found! it had a note on the door saying they were robbed, which I see was b.s! so I go to motor vehicle come to find out they didn't put in for my tags, so I had to pay additional money to get tags, a week or 2 later I get my title and its a lien title..smh its now 2013 and I want a new car, how do I go about getting the right title, the car was paid off back in 2007 and the business cant be located because they left back in 2005 when the supposedly got robbed, I obviouslu no ive been scammed some one told me its called a fly by night.. my question is am I completely assed out.? can I get the lien off my title even if the company no longer exists or was a fake company?Thanks to ALL that reply
HOA Refusing to Release Lien?
It's not clear to me what the recorded notice of lien states. You said that it was recorded in August, 2008. Does the lien state that it is for assessments which accrued before the foreclosure? If so, then that lien would have been extinguished in the foreclosure. Check the governing documents for the HOA. Many have a provision which states that an owner is entitled to a statement from the HOA regarding any assessments which are due, and that such statement is legally binding on the HOA. You may have to follow a certain procedure in order to obtain this, such as sending your request by certified mail, but the governing documents will outline any necessay procedures. Some States have adopted laws which provide for the same thing, i.e. a binding statement as to how much, if anything, is owed against a particular unit. If the HOA won't go through the formality of recording a release of the lien, you could at least record a copy of their binding statement showing that no assessments are owed as of today. Also, if the lien was extinguished in the foreclosure, it shouldn't be a problem for you when you sell. The HOA should provide a status letter to the title company at the time of sale stating that there are no outstanding assessments. If the title company requires a release at that time, the HOA should provide it as well.
Car was purchased on a lien but third party was not notified... help! I want to return the car but they wont?
this will not be a sensible circulate on your section because of the fact of your absence.you do not prefer a lien,you have the call.the shopper won't be able to do something(i.e. sell,commerce)legally w/o the call.If he stops paying you will could desire to hire somebody to circulate and "repo" your automobile.If he crashes or someway damages the automobile to the place it won't be in a position to be pushed or operated in any way,I asure you he will end paying,plus the felony accountability coverage won't conceal any damages incurred to the automobile.i've got confidence your suited guess is to sell him the vehicle outright,that way you do not have any concerns at your end and he can do in spite of he needs on his.once you're on the different fringe of the worldwide attempting to seek somebody down for a automobile value,its going to value you extra $$!reliable success.
Real estate help bad title?
I take it that once the divorce was completed and settled the title was changed to your name by the divorce court order. I understand you have a bad title. How is the title bad? Did the title not get recorded properly? Was there a misspelling of your name? There is a possibility that the title was recorded improperly. These are the signs of a bad title. You indicted that you did not want the county to take it because it would be on your credit report. Counties do not take properties unless the taxes have not been paid and are gravely delinquent, like have not been paid in 2-3 years. This is not a bad title. At this point this is a tax lien. You indicted you did not have the funds to pay the debt therefore my conclusion is you have a tax lien as oppose to a bad title. If the house is free and clear or have sufficient equity and you are credit worthy,with the correct credit scores you might apply for and be approved for a mortgage loan to pay this tax lien off. The other option you would have it to sell the house. Of course any funds to you would have to be applied to pay the tax liens plus interest in order for the title company to convey a clean title to any new potential owner The county would not normally take the property, though they might foreclose on the property. Normally the county would sell your tax lien to a tax lien investor. Failure on your part to bring the county taxes and interest current in a prescribed time limit, the county would then foreclose on the property. The tax lien investor that actually paid your taxes through a tax lien auction would then become the new owners of the house. I hope this has been of some benefit to you, good luck. "FIGHT ON"
The question is lacking in essential detail:a) Do you own the car?b) Country, state and city (for applicable code)?c) Is it a car illegally park in your drivewayIf this is not your car, In many state (USA) or province of Canada, you may have the car town aways and it will be impounded (often free for you). Usually, the local police will give you the necessary information on how to proceed.Some city, if you report the car as intruding on your property: They will take care of it after a few days. (Either cops or a web site)
I did this once in California, it’s long, tedious and any time you get something even slightly wrong you get to start again (more about that in a minute)the process in California is what is known as a Lien Sale. Since you have the car, park it in your garage. Then start charging the owner storage. After 30–60 days of accumulated storage you can get going.The first thing you do is fill out paperwork to the DMV that says “I have this unpaid bill for storage on this car but I don’t know who owns it, can you tell me the owners’ name and address”What will come back is the “registered owners” and the “legal owners” names. You then send them bills for the storage. They’re probably not going to even respond, you might not even have the right address and the letters will come back to you. But keep all of that paperwork, it’s important.After you get that back, you send them a notice of lien sale (to all interested parties) Of course some of those are going to come back. Registered mail, return receipt of course.After this you conduct a Lien Sale, you post (on the front window of your house) a piece of paper that says you are selling the car for the amount of your lien, the cost of storage. You will likely get no bidders. Since you get no bidders you then get to file to get the car titled in your name. Once that happens you can register the car and drive it or sell it.Now be careful, the DMV are real sticklers for details. There are time limits to the postings, time limits the filings, etc. Heed them, or you are going to start over. (I did mine three times before I was successful)the most absurd example was that the “legal owner” of the car was a local small time used car seller. I knew them. But they had moved since the previous owner bought the car. When I sent out the letters announcing the lien sale to all interested people I sent it to their updated address, not the address that the DMV had. Oh, no. Not good. DMV voided all of the paperwork and I started over. Now mind you when I sent the registered letter the the address on file, it came back as undeliverable. Oh well