What happens if my ex has the title to my car?
What happens if my ex has the title to my car?
If you own the title, it’s your car. If you hold the loan, it’s the bank’s car, with the expectation that they will turn the title over to you when you finish paying off the loan. If your ex’s name is on the title and yours isn’t, or on the loan and yours isn’t, it’s her car, regardless of who paid for the license plates.
What happens if you pay for a car in someone else’s name?
If you pay for a car for someone, decide right away if your name will be on the title. Having a car in someone else’s name means that they are listed on the title. The purpose of a title, whether for an automobile or other property like a home, is to show ownership.
Can a bank turn a car over to an ex?
If you own the title, it’s your car. If you hold the loan, it’s the bank’s car, with the expectation that they will turn the title over to you when you finish paying off the loan. If your ex’s name The registration can be in a different name than the title is.
How can I get my car back from someone else?
The person on the title does not have to agree to this, but short of suing, this is the only way to get the vehicle back. Typically, to transfer the title, the person on the title must complete a transfer of title application and sign the title to show he’s authorized the transfer. Bottom Line.
What happens to the title when you buy a car?
When you buy a car and use a car loan to pay for the purchase, the lender becomes a lien holder on the title and, in most cases, the bank that made the loan keeps the title until the car loan is paid off.
If you pay for a car for someone, decide right away if your name will be on the title. Having a car in someone else’s name means that they are listed on the title. The purpose of a title, whether for an automobile or other property like a home, is to show ownership.
When do you need to transfer a car title after a divorce?
When you buy or sell a vehicle, gift a car, or require a name change on a car title after a marriage or divorce, you’ll usually need to transfer the title. Click your state to find the cost to transfer titles with your Department of Motor Vehicles or vehicle licensing agency.
Where do I go to retitle my car after paying off my loan?
Generally speaking, you should be able to go to your nearest DMV in order to fill out the necessary paperwork to ensure that the title department knows you have satisfied the conditions of your loan or lien. Each state has rules that determine what a lender must do with a car title after the loan is paid off.