NO Because there is a lien on it.
there is also no bill of sale on it.
A lien holder cannot take the registration name of your car without your knowledge because that is only possible through Application for a Duplicate Certificate of Title and proof of identification is a must.
Go to your local DMV and explain the situation. Have proof that the lender went out of business. Only They can remove the lien.
Look at the registration card. Just below the name of the title holder is "lienholder." If there is a name or company name there, then there is a lien on the car and the person will not have a pink slip. If the person has a pink slip, there is no lien on the car. There may be other reasons for a lien to be on a car, but the most common is that the car has been financed and the load has not yet been paid off.
Yes. The finance company is the lien holder, therefor they are the tilte holder. General you can put whoever you want on the registration.
MORE DETAILS My wife and I are both on a loan for our vehicle but I have a 2nd vehicle I use and she uses the one under the lien Currently we both are on the registration and insurance To make insurance rate more affordable for us can I remove myself from the reg and ins even though I am on the lien.
does my car have a lien?
well if you have a clean title with no lien on it, then i say sell the car with that title there should be no problem what so ever. i need to know what happens if i sell a car with a lien on the title (auction car) but the lien does not pertain to me, can the car be successfully transferred to another person ? or what do i have to do to remove this lien ? email me - djhackstyle@hotmail.com
If the car is still financed then that financier would be the lien holder. If you already hold title then you could technically be the lien holder and keep the title until the buyer pays it off but you would be held responsible for any registration related charges while it's still in your name.
No... a vehicle which has a lien against it isn't paid off.
is there a lien on this car