Legal Question in Consumer Law in Maryland
Car ownership
In the state of M.D.I recieved my title for a car i purchased 2 months ago but still owe over 12,000 on the car. If I have the titke do I still have to pay? Title holder is always the legal owner of the car? Should I still pay off this car?
Asked on 1/12/06, 8:41 am
1 Answer from Attorneys
G. Joseph Holthaus III
Law Offices of G. Joseph Holthaus
Re: Car ownership
Your title to the vehicle may not be clear. A security interest is likely filed against the vehicle. Clerical errors will not give you clear title. Any breach of payment would entitle the company to re-possession of the automobile. You may be required to pay for the costs fo repossession. Contact an attorney should you require further assistance.
Answered on 1/12/06, 10:03 pm
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