I bought a car from a guy I know he doesn't have a title the bank wouldn't issue him one due to a financial issue not involving the car it was paid off.I was wondering if there was anyway to get a title on this car without involving this bank it's out of state and the VIN is clean.I need a tag!I heard something once on title bonds ?help anyone?
2006-08-12 08:53:35 · 11 answers · asked by kevin1945europe2 2 in Cars & Transportation ➔ Insurance & Registration
So, let's see here... He has not paid something to the bank, so they are sill holding the title until it gets paid. The bank has title to the car. "Financial issue" means he owes money to the bank. It must have something to do with the car if the bank is still holding the title. Hmmmm So you want to commit some kind of fraud. Hmmm. You know, you do not need a car in jail. Hmmm. So now the cost of the car to you will be whatever you paid this deadbeat plus the amount owed to the bank. I suspect if you do not make some payments to the bank pretty quick Repo Man will be driving it away right from under your nose.
2006-08-12 09:06:45 · answer #1 · answered by Kokopelli 7 · 0⤊ 1⤋
1
2016-05-09 23:12:36 · answer #2 · answered by ? 3 · 0⤊ 0⤋
Have you heard of title loans. The guy probably owed the bank some money and the car was his collateral. So the bank owns the car until the debt is paid. The best thing to do here is to return the car to the guy and get your money back if you can. Sue him if he does not give your money back. Good luck. Be careful next time.
2006-08-13 11:46:47 · answer #3 · answered by cherox 3 · 0⤊ 0⤋
who is the legal owner on the title? if its the bank there's not much you can do. if the car was paid off the bank cannot hold the title based on an unrelated issue. however, if thats the case try applying for a lost title through dmv. the previous owner would have to do that.
2006-08-12 09:03:39 · answer #4 · answered by burner 2 · 0⤊ 0⤋
The banks wouldn't have the title if the car wasn't involved in his financial situation. He is telling you a big fib. If I were you I would get my money back and give him the car back until he has a clear title that he can show you. Take him to civil court if he won't give your money back or give you the title to the car. Call this a lesson learned.
2006-08-12 09:02:37 · answer #5 · answered by unicornfarie1 6 · 1⤊ 0⤋
Sorry... the car legally belongs to the title holder.
Financial issues not related to the car is crap. If the bank has a lien on the car for whatever financial obligation your friend has then they legally have the right to retain the vehicle. The bank can, and may possibly take the vehicle to secure whatever financial obligation your friend had.
Your friend sold something he didn't have the legal right to sell.
2006-08-12 08:59:02 · answer #6 · answered by Anonymous · 2⤊ 0⤋
Go to your Department of Motor Vehicles and file for a lost title
2006-08-12 08:59:00 · answer #7 · answered by sometimessusie 2 · 0⤊ 0⤋
its really simple just go to the local dmv and file for a lost title,be sure to bring a bill of sale.there should,nt be any problem.
2006-08-12 09:25:29 · answer #8 · answered by blinky 2 · 0⤊ 0⤋
apply at for an abandon title if no one disputes it then they will issue you a title
2006-08-12 09:00:01 · answer #9 · answered by Anthony M 2 · 0⤊ 0⤋
if you don't have the title, you haven't bought the car... the bank owns it.
2006-08-12 08:56:07 · answer #10 · answered by hipcat 2 · 0⤊ 0⤋