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defaulted on car loan credit union collected from loan default insurance company, who has car title?

Defaulted on car loan, credit union paid off by loan default insurance; who has the title to the car?

Public Comments

1. loan default insurance? never heard of such a thing. interesting. If the insurance paid off the credit union then that means that the insurance company ate all the money that was lost, so they will have the title
2. i assume the credit union has
3. Not you. Probably the company that had the original loan , ie: credit union. You didn`t pay for it , they took insurance out , they paid for the insurance, They still own the car.
4. The person or institution that paid off the loan when you defaulted, ie, the insurance company, who will sell the car at auction and bill you for any outstanding balance when they do. You will also have a repossession on your credit report for the next 7 years.
5. The person who 'obtained title' by paying off the debt.