If there is an existing lien on your property you can transfer the property to a new owner but the land is still subject to the lien. The new owner would have to pay the lien. Take care if the lien is a mortgage. In most cases the transfer of a property encumbered by a mortgage will trigger an immediate demand to pay off the mortgage. A property tax lien for delinquent taxes gives the town legal title to the property. You should also make sure your grantee is aware of the lien as it may have a detrimental affect on their use, enjoyment or continued possession of the property. Especially if a title examination will not be performed.
No. The purpose of a lien is to make you pay your debt. The lien must be paid before you can sell or mortgage your property.
Absolutely. The lien must be paid before the property can be mortgaged or sold.
To find the lien holder of a vehicle, the registered owner of the vehicle will have to apply for a duplicate title. The VIN will be necessary to obtain the duplicate title. The lien holder will be listed on the duplicate title.
You can only transfer a car title with a lien if the leinholder agrees to the transfer. The usual way is to pay off the loan as part of the purchase or transfer transaction, using part of the sales price for that and thus removing the lien.
A transfer of lien assigns the lien claimant's position in the lien to another party. A release of lien discharges the lien and makes it not appear on a title policy issued for the property.
Your lien holder wants to be paid before releasing the car. You should consult with the attorney who is representing you in your bankruptcy. You cannot transfer title because you don't have clear title to transfer.
If you sell the land it would still be subject to the lien. A prudent buyer will have the title researched and the lien will be disclosed. They will insist that the lien be paid off before taking title to the property.
Contact the Wyoming Department Of Safety Title Bureau.
A clear title without a lien or if it has had a lien on it, either a release on the title if there is a place for it or a lien release from the bank or person named in the lien. It should be in your name, meaning you are the person on the front of the title and the back should be clear until you transfer it to the person you are selling it to or whatever the business is you are doing with it.
With a quit claim and the agreement of your mortgage company, you can transfer your home title to anyone. However, if you are carrying the mortgage, there needs to be lien on the title until the loan is paid in full.
No, there can be no title transfer, sale or refinancing until the lien is paid.
You can certainly sell prpoerty that has a lien. However, the lien will have to be settled to transfer a clear title. This is usually part of the closing process.
The car belongs to the person listed as the owner on the title. Listing someone as the lien holder does not make them the owner.You can't transfer a motor vehicle when you know there's a lien on it. The lien would be reflected on the title and a prudent buyer wouldn't take title that is encumbered by a lien.
You cannot transfer the title while the lender has a lien on it and they will NOT release the lien until the loan is paid off. They will also NOT allow any names on the title that are not on the loan papers.