Description
Pros
- Uses your authority as a licensed automotive business
- Clears bank liens
- Pays repair bills
Cons
- Requires automotive license
- Must be done within the statutory time period (90 days – 1 year in most states)
- Must have signed repair order from vehicle owner
- Requires proper written notice to lienholder and owner
- Requires vehicle to be offered at public auction
- May Not Cover All Storage Fees
- Can Be Rejected If Facility Did Not Adhere To License Requirements
Requirements / Steps:
- Filing Of Petition / Complaint to Clerk
- Prepare DMV TItle Application
- Prepare Affidavit Of Facts
- Submitting Above Documents By Response Date (in person or by mail)
- Receive Signed “Judgment Of OWnership” From Court Clerk
- Submit To DMV (or title office)
- Receive Official Title Certificate In Your Name
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