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Wisdom & Authority Title Solutions
|Posted on September 29, 2012 at 10:33 AM|
In this post, I will talk about multiple owners on a vehicle title. With that being said, emphasis will be placed on two types of scenarios; multiple owners on a vehicle title (in the case of joint ownership) and multiple owners on a vehicle title (in the case of title skipping or title flipping).
Multiple Owners on a Vehicle Title (Joint Ownership)
Let me start off by saying that almost everyone whose had a vehicle titled in their name before, is familiar with the ability to get a vehicle titled in 2 names. In addition to this, it is also true that a vehicle can be titled with more names (usually up to 5 total- depending on the state).
Important Points Regarding Joint Ownership:
Multiple Owners on a Vehicle Title (Title Skipping)
Multiple owners on a title in the case of title skipping is not good and to be frank, it's illegal! For those who are familiar with my previous posts on title skipping you are familiar with what this situation is. If you aren't, I will give you a brief description of multiple owners on a title in regards to title skipping. An example like this might be when you purchase a vehicle from someone and they give you a title. On the title, you will see that a seller and buyer signed in one section, a seller and buyer signed in another section, and so on. Unfortunately, the title was never transferred (as it should have been).
Important Points Regarding Title Skipping:
Wisdom & Authority Title Solutions is available to assist you with your vehicle title needs. If you need to title a vehicle with joint owners or if you are involved in a title skipping situation, you owe it to yourself to get professional vehicle title help today.
Categories: Multiple Owners on a Vehicle Title