YES, IF-IF-IF you can pay the loan off. The lender will have to be involved in the sale to get the paperwork done.Lenders will NOT release the title until the loan is paid in full. Dont get yourself in a mess trying to do it alone. Find out from the lender what the payoff is and then make sure you have that amount ready to give the lender when you complete the sale. Good Luck
What if creditors already are looking for it/reposession order already out for it? Can this still be done?
Likely the only way to do it is CALL the lender, get the payoff and get that amount to them NOW.They want the money more than the car.....
Either pay off the lien and then sell the vehicle, or sell the vehicle and use the money to pay off the lien.
Pay off the lien is the simplest way. That can be done by selling the vehicle. Hopefully it is worth more than the loan amount, so the estate will have additional assets.
You must pay off the lien. A vehicle with a lien on it cannot be vended (sold) legally. There is no way to transfer a title as the motor vehicle folks will know that a hold (the lien) has been placed on it.
Until you pay it off. If you try to sell the vehicle, the mechanics lien will prevent you from doing so.
No... a vehicle which has a lien against it isn't paid off.
The lien is no longer applied to the vehicle when the loan is paid off. You can then get a lien release from the lender. As long as the loan has not been paid off the vehicle still has a lien on it.
You must pay off the lien.You must pay off the lien.You must pay off the lien.You must pay off the lien.
You are still walking. You must pay off the new holder of the note. act wuick as they will sell it fast.
Pay off the lien with the proceeds of the sale.
VICTIM buyer has to pay off the leinholder to get car. And/or sue con seller. Leinholder WILL get their money. GOOD LUCK...
If you have a lien on the vehicle (you are paying it off) You will likely not get the title until the vehicle is paid off.
No, once the vehicle is paid off the lien is released.
You have to pay off your bills. That is why these people put a lien on your house.
Once a car has been repossessed, you as the owner of the vehicle have the obligation to repay any amount still owed on the loan. Once a car is repossessed, it is often sold in a repossessed cars auction by the finance company. The amount which the car was sold for will be deducted from the total loan amount and then the difference will be owed by yourself. So yes you would have to pay the whole vehicle off if it was repossessed.
If your question relates to an auto loan, as soon as you pay off the loan, the lender will forward you the original title and the lien holder box (indicating who has a lien on the vehicle title) will be signed (indicating it has been satisfied and released). Once you have the vehicle title properly signed, you can freely trade or sell the vehicle. If you sell the vehicle as part of a trade with a dealer they are willing to take the vehicle and upon payoff, they will get the title directly from the lender. (You'll be signing a release and authorization as part of the transaction.)
Pay off the lien holder.
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.
You can try but if the plaintiff refuses to negotiate you must pay the lien in full. You cannot sell or mortgage the property until the lien is paid off and released by the plaintiff.You can try but if the plaintiff refuses to negotiate you must pay the lien in full. You cannot sell or mortgage the property until the lien is paid off and released by the plaintiff.You can try but if the plaintiff refuses to negotiate you must pay the lien in full. You cannot sell or mortgage the property until the lien is paid off and released by the plaintiff.You can try but if the plaintiff refuses to negotiate you must pay the lien in full. You cannot sell or mortgage the property until the lien is paid off and released by the plaintiff.
Most loan contracts state that if you are late, they can call the entire amount due. If that has happened and you have not paid off the vehicle, they can take back ownership of the vehicle. Your only option is to pay it off, sell it or turn it back.
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.
If the vehicle was put as collateral for the loan, there already is a lien on it.
If he pays off the lien yes. If not, then that vehicle is pretty much owned by the lien holder too! it doesnt make sense selling car
If I have a car in my name with a lien on it and the car Is only god for scrap metal can I put the loan lien on my wifes car if she transfers the car to me.
AnswerPay off the lien holder and they wil sign a relase, putting the vehicle in the free and clear. It depends on the type of lien. Lender's lien or mechanics lien.autolienservice.com