Create an Account - Increase your productivity, customize your experience, and engage in information you care about.
40-11-6. Sale of vehicle pursuant to foreclosure
Show All Answers
40-11-5. Lien foreclosure procedure
All liens acquired under Code Section 40-11-4 shall be foreclosed as follows:
40-11-4. Creation of lien; courts authorized to foreclose lien
40-11-7. How purchaser at foreclosure sale may obtain certificate of title
The purchaser at a sale as authorized in this article shall receive a certified copy of the court order authorizing such sale. Any such purchaser may obtain a certificate of title to such motor vehicle by filing the required application, paying the required fees, and filing a certified copy of the order of the court with the Department of Revenue. The Department of Revenue shall then issue a certificate of title, which shall be free and clear of all liens and encumbrances.
40-11-8. Disposition of proceeds of foreclosure sale
The clerk of the court shall retain the remaining balance of the proceeds of a sale under Code Section 40-11-6, after satisfaction of liens, security interests, and debts, for a period of 12 months; and, if no claim has been filed against such proceeds by the owner of the abandoned motor vehicle or any interested party, then he shall pay such remaining balance as follows: