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Wisdom & Authority Title Solutions
|Posted on May 16, 2015 at 2:47 PM|
Received a jumped auto title? At least that's what DMV told you and is the reason why they rejected your transaction. Skipped titles, jumped titles, flipped titles are all the same, and create problems with auto titles. If you aren't aware of what a jumped title is or perhaps you need more insight; this post is for you. A jumped auto title takes shape in one of two ways: A. there is no title present, but the vehicle in question is passed along from person to person, or B. there is a title present; it just hasn't been transferred properly. Also in this case, multiple parties have signed and passed the title along from person to person as well. In essence a jumped auto title is when proper and legal ownership of the vehicle hasn't taken place. In this post, I will share examples of jumping auto titles, discuss why jumping auto titles is illegal and how to avoid being a victim of a jumped auto title problem.
EXAMPLES OF JUMPING AUTO TITLES
Examples of jumped auto title scenarios include:
WHY JUMPING AUTO TITLES IS ILLEGAL
Jumping auto titles is illegal for the following reasons:
HOW TO AVOID BEING A VICTIM OF A JUMPED AUTO TITLE PROBLEM
The following are tips you should adhere to if you wish to avoid being a victim of a jumped auto title problem:
To sum it all up, there is only one legitimate reason why you shouldn't receive a title when buying a vehicle, and that is if you are getting the vehicle financed-THERE IS A LIEN ON IT. If you owe the lienholder (whether an individual, dealer, or financial institution) money on the vehicle, they aren't obligated to give you a title, until you satisfy the payment agreement. To prevent title delays as well as potential financial loss later; it is wise to ensure that you are receiving a properly assigned title from the very beginning.
Wisdom & Authority Title Solutions LLC, is the vehicle title expert in basic and complicated title matters.
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Categories: SERIOUS AUTO TITLE PROBLEMS