When you sign over your car title, it is like getting a payday loan. You will have high interest and a short time to pay it back. They will give you more time to pay back the loan, because they have your car title and can repose it if you are late on your payments. Be very careful when using predatory lending.
You take the title and the forms signing it over to you to your state's DMV office.
Sorry to say but no. It is a legal agreement.
Yes, if you did not pay back the loan. That is what "signing over" the car is all about.
Any title holder must relinquish ownership by signing the title release
No
No, a will not over rule a deed or title. For example, if a husband and wife are married and their car is in the wife's name alone, the dead husband's will not overrule the title.
An open title on a used car is when the title of the car is signed by the seller and handed over to an individual. This means the title is free from the previous owner, but not officially signed over to anyone specific.
I think you conduct the sale at the bank that has the lien. Once the sale is over, transfer the title over to the buyer by signing the back of the form and add odometer reading. Do this carefully or else if there is a mistake, when you try to sell the car, they automatically deduct $1500 if there is any discrepancy.
Only the lender can take a party off a loan. Generally, a loan must be paid off and refinanced to convert it to one person's name. If both parties are on the certificate of title, one party must voluntarily give up their title to the car by signing the title over to the other party.
Yes. By co-signing they agree to pay the loan.
Yes they can and ID11 stop u noob.
Take the title along with the buyer to your local DMV and have the car transferred over from you to the buyer. Do not sign the title over until you have the money in your hand, and do not let the buyer have the car until you have it transferred out of your name.