Based on vehicle equity and the ability to repay the loan, LoanMart allows users full - use and funding, while they take over as lienholder on the vehicle title as a form of collateral, but only over the course of the repayment period. (800loanmart.com)
A: No, you must have a free and clear title with no other lienholders on the title. (financiallitnow.org)
With the involvement of lienholder, the possibility of foreclosure exists if the borrower violates the terms of the mortgage such as by not paying property taxes or neglecting the property. (americanadvisorsgroup.com)