Best is to transfer it to your name...I had my car in open papers. when i wanted to sell it, the best offers i got is from people who want to put a loan. then they need documents from orginal owners...the person i bought the car left the country and i could not get any (copis of ID and letter permitting me to sell) if you tranfer it to your name before selling, the new owner has to wait for six months for another transfer.. so i lost lot of good offers because of this..
/bigDaddy