lol i was just wondering the same thing.was your car payed off? if not how can they get the title from the lien holder when it wasn't payed off?
Typically the lienholder is notified that the vehicle is impounded and they (the lienholder) also have a specific amount of time to claim the vehicle and pay the fees, otherwise they forfeit (i.e. lose) their security interest in the vehicle.was your car payed off? if not how can they get the title from the lien holder when it wasn't payed off?
Yup. If the lienholder doesn't claim the car and pay the fees to have it released to them, then they lose their security interest and the loan becomes unsecured (assuming there was no other collateral on the loan in addition to the vehicle).but you would still owe the bank ;(
yes, thats correct. a co-worker got his car impounded for $2100 in parking tickets. he didn't come up with the cash in the required amount of time, and the vehicle was siezed and sold at auction. he now owes the bank $17,000:blackeye:lol i was just wondering the same thing.
What if the car isn't paid for, can a tow company take it from the bank.. i suppose.. but you would still owe the bank ;(
look what theyre trying to do screwing you over.Then what go to jail for stealing.
It appears they aren't screwing anyone over. They are (from my understanding of the situation) well within the limits of the law....and doing nothing unusual to that end. My dad worked for a shop that had a tow company aswell, and I'd say atleast 25% of the cars they towed they ended up keeping because they were never claimed or not claimed in time. Hell, I bought one from him a few years back because the wife needed a 4-door car //content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.giflook what theyre trying to do screwing you over.
But if it was just a plain jane car i would of got my car back with no questions asked.It appears they aren't screwing anyone over. They are (from my understanding of the situation) well within the limits of the law....and doing nothing unusual to that end. My dad worked for a shop that had a tow company aswell, and I'd say atleast 25% of the cars they towed they ended up keeping because they were never claimed or not claimed in time. Hell, I bought one from him a few years back because the wife needed a 4-door car //content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.gif
It's his own fault for not paying by the required date. If he really wanted to keep the car, he would have found a way to come up with the money in time........