0
How do you get rid of a car if you cannot contact the lienholder and you have had it sitting for five years?
Wiki User
∙ 8y ago
Normally when the loan on a vehicle is paid off, a form is sent to you from the bank releasing the lien from the vehicle stating basically that you have paid off the loan. This is taken to or sent into DMV where the title is changed removing the lien from the title.
Some people never update the title and the "lien" language remains on the title.
I once purchased a motorcycle that the forms had not been sent into DMV to adjust the language on the title. I had no problem registering the vehicle and with my new title, lien was on the title. The bank never contacted me as they had been paid off long ago.
If this sounds like a similar situation, just sell the vehicle explaining this to the potential buyer.
Wiki User
∙ 8y ago
Add your answer:
Earn +20 pts
Do your 1983 buick park avenue with a 307 engine need a new transmission if it does not go in reverse after sitting for 3 years?
i dont know but its not from sitting for 3 years mine was sitting for 5-6 years and olny 380$ in parts
Does CR Get better after years of sitting in the bottle?
No
If you receive a payment to help with damages do you have to use the payment to fix the damages?
1The answer depends on several circumstances, none of which you mention, so the answer has to be that it could be yes or no. Years ago I used to be an auto insurance adjuster. The policy of the company I worked for was this:1. IF the vehicle was NOT paid for [had a lienholder, like a bank or finance company], we had to make the draft out to our insured, AND to the body shop that was going to do the repair, OR If the insured requested, the names of our insured and his LIENHOLDER.This basically forced the insured to get the vehicle repaired, or at least to contact his lienholder and report the damaged vehicle. It was then between he and his lienholder whether he used the funds to repair the vehicle.2. On the other hand, IF our insured's vehicle was PAID OFF, and the insured wanted the draft made payable to himself only, then that's the way we wrote the draft.3. IF the draft was to a third party claimant, regardless of lienholder or not, we wrote the draft to the claimant only.
Indiana statute of limitations on medical bills?
The statute of limitations for medical bills in Indiana is 6 years. That doesn't mean that they cannot contact you about the debt - it only means that they cannot take you to court because of it.
Can a company take away your car if your father gives you a car that he has fully paid for and made himself the lienholder?
In most instances no. Your father, by making himself the lienholder of the car, is indirectly protecting you from creditors by making himself the first collector on the value of the car. Because he is first in line (as the lienholder), there is a low likelihood that any other creditor will try to take the asset in order to pay existing debt. To complete the process, however, you must be making monthly payments (even if only $1 per month) to your father in order to demonstrate the lienholder status. The "loan" should not last for more than seven (7) years.
How many years did sitting bull live?
59 years old. (1831-1890)
If a motorcycle was to be repossessed but was hidden for years would it come up as stolen or as having a lienholder if the DMV were to run the VIN?
IF it was REPORTED stolen, it would show as such. IF there was a lien on it, it would show as such.
Does sitting down give you cancer?
Yes. 10 years sitting in an office job doubles risk of bowel cancer
Details about the death of Sitting Bull?
On december15, 1890 sitting bull was assassinated. He was 59 yrs (years) old when he was assassinated
Can a car mess up just by sitting a couple years?
yes
As a previous employee of J Baker Shoes 12 years management I am now retirement age and cannot find out who to contact for my promised pension?
I too worked for J BAKER SHOES/NATIONAL SHOES for 12 years and have been looking for my pensions for several years.
Can humidity damage oxygen sensors?
over years and years,yes...but it has to be sitting, not running...and it would take a while
