The Real Story on Abandoned Vehicle Titles: What You Need to Know

The Expert Podcast

Introduction:

• One of the most common questions our sales staff receives is about obtaining a title for an abandoned vehicle.
• Many callers believe that simply calling a vehicle abandoned will help them get a title, but this is not the case.

What Constitutes an Abandoned Vehicle:

• An abandoned vehicle is one that has been discarded and not claimed by its owner.
• In most states, simply finding a vehicle does not give you the right to keep it; legal processes must be followed.

Legal Process Overview:

• Legal Interest Required: To obtain a title, you must have acquired a legal interest in the vehicle through purchase or financial agreement.
• Court Order Title: This is one method to get a title for an abandoned vehicle, involving legal processes outside the DMV.

Provisions for Disposal of Abandoned Vehicles:

• Public and Private Property:
  • Authorities (state, county, or city) can remove abandoned vehicles from public or private property.
  • If a vehicle is left on private property, the property owner may call a tow truck and must provide notice and documentation to the DMV.

Post-Tow Process:

• DMV Requirements: After towing, the DMV needs satisfactory evidence to issue a title.
  • Documentation includes a detailed bill of sale, proof of auction, and other forms.
  • The purchaser must submit a completed application for a title and other relevant documents.

Important Considerations:

• Documentation: Keep records of all paperwork, including tow notifications and lien claims.
• Legal Advice: Consult an attorney to navigate the complexities of foreclosing a lien and obtaining a title.
• Penalties: Misrepresenting facts can result in serious penalties, including jail time or fines.

Alternative Options:

• Court Order Title and Bonded Title: These options might be simpler compared to dealing with abandoned vehicle procedures.

Conclusion:

• Avoid claiming a vehicle as abandoned unless absolutely necessary, as it triggers a complex legal process.
• For simpler solutions, consider exploring court order or bonded title options.

Call to Action:

• If you found this episode helpful, explore more videos on our channel for additional information on related topics.