Navigating Abandoned Vehicle Title Restrictions: What You Need to Know

The Expert Podcast

Introduction

• One of the most common terms in our car title division is "abandoned vehicle." Clients often use this term when they've acquired a vehicle without a title and want to call it abandoned to obtain a title.

Common Misconception

• People mistakenly believe that if a vehicle is abandoned, they can claim it as their own through a "Finders Keepers" approach. However, vehicles are not subject to such rules.

Reality Check

• Most vehicles are not truly abandoned. They might have been purchased, traded, or inherited. The previous owner didn't simply leave it behind. Abandoned vehicles do not have a straightforward path to ownership.

Example from New Jersey

• New Jersey's procedure for abandoned vehicles on private property:
  • Vehicles must be auctioned.
  • Detailed steps include:
    • Submitting forms (OSS SS1 137) to request auction permission.
    • Conducting a title search in New Jersey and surrounding states.
    • Providing a notarized statement detailing how you acquired the vehicle.
    • Publishing notices in newspapers and to the local police department.
    • Waiting for a 90-day notice period before the auction.
    • Documenting the auction process thoroughly.

Challenges of the Abandoned Vehicle Process

• The process involves extensive paperwork, waiting periods, and potentially complex procedures that may include certified affidavits and title searches in multiple states.

Alternative Methods

• If you acquired a vehicle without proper documentation, there are better methods to obtain a title than calling it abandoned. Consult with experts for guidance on alternative options.

Expert Consultation

• For more information, visit cartitles.com or contact us for a consultation with a certified title agent or other licensed professionals.

Conclusion

• Avoid using the term "abandoned" for vehicles if it doesn’t truly apply. There are better and less complex ways to handle title issues.

Call to Action

• Leave a comment or contact us through our website for questions about vehicle titles. Access live one-on-one consultations with licensed experts in various fields.