Could be a mechanics lien.
A lien on a car title most typically means that money is still owed on the car. When a person takes out a loan on a car a lien is put on the title until the full repayment of the loan.
A lien title means that the car has a loan against it. If you do not have a "clear" or non lien title, the lender who hold the clear title can and does have the right to get the balance of the loan from you. The purpose of the lien title is to enable the car buyer to get the legal requirement for driving the car from the state. It's like renting the car in essence; the lien title is almost like the lease agreement for an apartment.So if a lien title is all there is...don't buy the car. It's not his to sell.Somebody has to settle the lien before you can legally own or register the vehicle.
It means that someone has borrowed money from a Bank or lending company and used the car as colatoral. Be carefull, if you purchased this car, and that lien is still against it, the lending company can come after you for the money or take the car from you.
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.
Contact your DMV. They have record of this. If you took out a loan on the car when you bought it, the dealer or the bank documented that they were the lien holder. When you finally pay off your car, the bank will mail you the title. If you have the title, but still think you owe money on the car, contact DMV and find out if it's documented.
If the car has a lien, you usually have to pay off the lien before you can get a clear title. Otherwise, in this state you have the name of the lien holder on the title.
No, you can only replace a lost title. If the vehicle had a lien from the bank, a replacement title will still show the lien.
there is also no bill of sale on it.
That would be counterproductive if the title you hold is in your name. If you are holding the title for someone else, a lien would only make a difference when they sell the car--and it has to meet certain criteria.AnswerNo. You cannot place a lien on your own property legally since there is no separation of title. A lien gives the lien holder a legal interest in the property of another. If you are holding property in your name for someone else, the title is in your name and you cannot place a lien against it.
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.
Yes, if you left it for repairs in a shop and did not pay for repairs, they can put a mechanics lien on it, also if your car was towed and you did not take it out of storage they can put a storage lien on it. Sometimes even when you finance a car if they accidentally forget to add a lien and you receive the title, they can still add the lien with the contract or agreement they have signed by you.
If you sell a car with a lien on it, which is a title pawn. You must pay the lien off before the car is clear and you can get the title back.