Is TitleMax, as title holder, the owner of a vehicle?

Is TitleMax, as title holder, the owner of a vehicle?

Hi!In 2011, I pawned my car title to TitleMax. I moved to Texas in October of 2011 but continued making payments to the Alabama TitleMax each month. In May 2012, I had an accident with an 18 wheeler on I75 in Dallas. The police did a police report, I had it towed, and immediately informed TitleMax what had happened and that (obviously) I would not be renewing my pawn. The guy at the auto shop was nice and told me that TitleMax would send an estimator out and either auction it or sell it. I said great, and never heard from them or Title Max again--until today when I got a letter from The auto place informing me that they were filing a mechanic'-s lien for $8661.41 as of January 1, 2013, as the car was owned by me.I was under the impression that TitleMax, as title holder, has owned the car since I pawned it. Is this incorrect?


Actually it belongs to the insurance company now, and yes it belonged to them when u pawned it.



Popular Q&A

How much might it cost an insurance company to investigate an insurance claim for lets say theft?
The insurance company MUST investigate ALL claims. Be it, auto accidents, homeowner claims, they must determine if there is coverage, then determine if owed (liability to 3rd party) or if in theft, they take more steps, since the person claiming, must provide proof of the theft or to verify...

Where can i get cheap auto insurance in mass ?
You should go to an Independant Insurance broker, they can search multiple companies and smaller carriers for you....unfortunately, you are HIGH risk for most of the major carriers. The good part is that you would see a nice decrease at 21.

Can you resume your auto insurance policy one it was canceled?
You will have to start a new policy with a new application. You should call around and get another agent. The $200 finders fee is excessive. Try this site to find the best auto insurance you can get quotes from different auto insurance companies in...

How long can I work in Alberta with BC auto insurance/registration?…Alberta can cancel a driver’s licence or identification card if it is determined that the application contained misrepresentation, false information or inaccuracies:* If you are a new resident in Alberta, you must obtain an Alberta driver’s licence within...

When will the Insurance Lobby force us to have Medical insurance like the did Auto insurance?
Reagan warned of obama and his kind, and I'm not referring to his race, He is a socialist, and health care is his door opener.…Please forward this video to all who question the "acting" president's agenda!!!!!