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What happens if you do buy a car or motorcycle that has a lien against it and you want to register it and you got the car with a bill of sale?
you will have to find out who has a lein on it have them fill out a fourm of lein satisfy. In most states a lien holder is recorded on the title and the lien holder will keep the title until the lien is paid off. After the lien holder is paid off, they will sign the title to release the lien and give/send the title to the owner. The title office can tell you who has a lien on the title.
You want to sell your car to your daughter but you want to keep title until she pays off the loan how can I do it?
The car can be registered in her name with you being the lien holder. After the car is paid for, you can sign the release of lien and the car can then be registered solely in her name.
How can you ensure a valid sale of a vehicle if you cannot pay off the existing lien?
A vehicle cannot be sold without a clear title. A clear title can only be obtained when all lien holders have been paid or have agreed to sign off on the lien.
How Multiple liens on car?
Sure; you could have a lien to pay back the loan used to purchase the car, another lien for unpaid taxes, another lien for work done on the car by a mechanic, a lien from a court judgment for damages in a civil case, and so forth.
Can I get my name off the title and loan of my ex-son in law's van if he still has a loan on the van?
The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.
Can you sale your vehicle you paid off even though you never paid the sales tax?
Your vehicle has to be paid in full for you to have a clear title without a lien. If you haven't paid the sales tax, you may not have a clear title that you can sign off to the new owner.
How do you proceed to buy a used car with a lien on it from an individual to make sure the lien gets paid?
I saw on another site that you go to the bank with the seller, pay off the lien, have them sign the title then both go to DMV. I would appreciate a more thorough answer myself.
If there is a lien holder on the title-how do you get him to sign off?
I'd suggest paying him off and then have him sign a quit claim.
Does your ex have to sign over the title of the car you co-signed for and he let get repoed and is now in your possession and which you have paid off?
IF his name is on the TITLE and you want it OFF the title, you get him to sign. Otherwise, he can drive it tooooo.
How do you transfer ownership of a car?
When you have been paid in full, and you have no liens on the title yourself (you have full title), then you can sign the back of your title. This gives title to the person you name on the back. When the person is paying you on time, then this is different--be sure to take the title down to DMV yourself with the buyer and change the title to his name BUT ALSO put a lien on the title. This means the person cannot sell or otherwise dispose of the car without paying you. Another benefit is that the car is no longer your responsibility to insure. Absolutely do not sign the title transferring ownership until you have cash in hand.
My car loan is paid in full how can I have the co signer removed from the title in the state of Ohio?
go to the bank or wher ever you got your loan have them sign off the title then go to the bmv and submit the title and it should come back with out the lien holder and cosigner on it
When buying a used boat how do you do a lien search?
If you are trying to see if the current owner still has a payoff on the vehicle, it will say on the title. If it is a free and clear title then the original lien holder has to sign off on the title. Some states have a title and a form called a lien release. What state do you live in?
