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What else can I help you with?
How can a lien holder refuse to return property back to buyer?
Generally, if there is a debt involved the lien holder can hold the property until the debt is resolved. It is a security interest over property to guarantee payment.
Can the only lien holder turn the lien over to a debt collector?
Yes. As the "owner" of the debt, they can sell, or assign, the debt to anyone they please.
How do you fill out lien release form for a car?
You don't. The only one who can fill out a lien relese is the lien holder. As the owner of the car you are not the lien holder. Take the title to whomever holds the lien and they will release it.
What happens after a lien is filed on your home?
You will be notified of the lien/debt. In order to clear the home title (i.e.- for sale, or refinance, etc) the lien/debt will have to be satisfied. Depending upon the size of the lien and the circumstances, the lien holder may be able to force a sale of the property in order to collect the debt. It also depends on the lien holder's position. Priority is given to a tax lien, then the 1st mortgage, 2nd, etc.
If you buy a car not knowing there is a lien on it from the previous owner how do you remove it off the title?
You need to find out if the underlying debt was paid. If it was paid you need to obtain a proper release from the lien holder. If it is not released then you need to pay off the lien and obtain a valid release of the lien from the lien holder. You should visit the DMV in your jurisdiction in person or online to determine its process for releasing a lien.The DMV will likely have a form to use. It must be endorsed by the lien holder and you must take or mail that release form, your current certificate of title and the fee to the DMV. It may be safer to do it in person.
When is a mechanics lien removed from real property?
Usually after a suitable release is filed in the property records. A release is obtained either from the lien-holder when the debt has been satisfied or by a court order (e.g., invalid or otherwise bogus liens).
Why would the second lien holder foreclose?
It's simple. The second lien holder will foreclose if you don't pay that debt and it thinks there is enough equity in the property to take possession subject to the first lien.It's simple. The second lien holder will foreclose if you don't pay that debt and it thinks there is enough equity in the property to take possession subject to the first lien.It's simple. The second lien holder will foreclose if you don't pay that debt and it thinks there is enough equity in the property to take possession subject to the first lien.It's simple. The second lien holder will foreclose if you don't pay that debt and it thinks there is enough equity in the property to take possession subject to the first lien.
How to get rid of a car when lien holder died?
You need to obtain a release from the estate of the lien holder. Which means you have to satisfy the lien. That should allow you to obtain clear title.
Is an assignee a lien holder?
An assignee of a lien is the new lien holder.
How can I obtain a lien release from a bank?
To obtain a lien release from a bank, you typically need to pay off the loan or debt that the lien is attached to. Once the debt is cleared, the bank will issue a lien release document confirming that the lien has been lifted. You can request this document directly from the bank or financial institution that placed the lien.
Can they put a lien on your property if your paying a mortgage on it?
No. They would need to obtain a judgment lien against you in court and provide proof that you asked them to pay your taxes and promised to pay them back. Otherwise, in Massachusetts, they would be considered a volunteer.
How do you get a lien release on a vehicle that was scrapped over 10 years ago?
Pay off the lien holder.
