A vehicle with a lien holder named on the title cannot be traded, transferred or sold without the title being cleared by the lien holder.
== == A lien is registered either at the county or State level, and it prevents a property from being sold until the amount of the lien is paid off in full to the lienholder. By doing a lien search, you can find out the amount of the lien, and who holds 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.
The lien is registered in PA This is normal By the way it may be illegal for you to register this car anywhere knowing of the outstanding lien.
You will not be able to get the title in your name or get it registered. Tell the seller he needs to satisfy the lien before you will buy the motorcycle.
No, if it is your debt only and your name is not on the car. Unless you used the car for collateral for a loan, they can't put a "lien" on it anyway.
Yes, finance companies do it every day
You must pay off the lien and record a release in the land records.You must pay off the lien and record a release in the land records.You must pay off the lien and record a release in the land records.You must pay off the lien and record a release in the land records.
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.
my condo association already has a lien against 2 condos who are seriously delinquent in paying their services fees. so now how do we get our money since they are ignoring the lien? a.k.
You request it from the DMV of the state you have it registered in. If they haven't received notification from the lienholder, then you need to contact the lienholder and have them rectify this.
MECHANICS LIENS FALL UNDER TEXAS PROPERTY CODE 70.001. YOU MUST NOTIFY THE REGISTERED OWNER, LIEN HOLDER (IF ANY) AND THE PERSON WHO BROUGHT THE VEHICLE IN FOR REPAIR, BY CERTIFIED MAIL RETURN RECIEPT. THIS NOTICE IS SENT AFTER THE 30 TH DAY THE REPIARS ARE COMPLETEDED. FORCLOSURER ON THE LIEN IS ON THE 31 ST DAY AFTER THE NOTICES ARE SENT.ALSO NOTE THE VEHICLE MUST REMAIN AT YOUR PLACE OF BUSSINESS OR A STATE LIC. STORAGE FACILITY. YOU MAY NOT ACCEPT PARTIAL PAYMENTS.The above is only a partial answer!On the 31st day of the sent notification the possessory lien holder must take any correspondence to the local Count Tax Assessor's Office and they notify the Registered and Lien Holder. After 31 days you can conduct a Lien Sale if you are a registered auto repair facility.It's much easier to have a Lien Service do the work because it can be quite time consuming.autolienservice.com
The DMV of the state it is registered in should be able to tell you if a lien is still in effect on the vehicle.
This would depend on where you areNot in Alberta CanadaAnother AnswerThere is no value in filing a lien on a customer's driving license. In order to file a lien, a judgment must be granted by a court for an amount due. The lien is filed against an asset, such as the automobile and its title.
It is assumed that you are referring to a lien for an unpaid debt since you are asking how you can place a lien on someone else's property. In that case you must bring a lawsuit and win. If you win the court will issue a judgment lien that can be recorded in the land records.
Try the library, the Clerk of the Court (courthouse), form websites or companies that provide construction notice and lien services. Be sure to completely familiarize yourself with your state's lien laws since there may be pre-lien requirements and time restrictions that must be adhered to in order to establish valid lien rights.
Best practices dictate that since there are several types of liens and several legal processes for developing and filing a lien, that the association work with its counsel to construct and file a proper lien. An owner served with a lien that may not be 'proper' can work with an association-savvy attorney to resist a lien, given technicalities.
MOST vehicles have a lien- if you took out a loan to buy the vehicle, the company that holds the loan is a lien holder. It means that you cannot SELL the vehicle or dispose of it without their knowledge, and their financial interest being satisfied (loan repaid)- but the owner of the vehicle can still register it, drive it, etc.
File suit in the appropriate state court in the county in which registered owner resides. If a judgment is granted it can be executed as a lien against the vehicle according to the laws of the judgment debtor's state. The lender is the primary lien holder if the vehicle has been used as collateral and a secondary lien can be enforced without the lender's release after the lending agreement has been completed.
If the creditor is the loan holder of the vehicle a lien is already in place. The title will show the loan provider as the primary lien holder. That insures the vehicle as collateral and if default occurs the lien holder can repossess the vehicle without going to court. Except in the few states that require the creditor to obtain a replevin order before seizing the vehicle.
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.
A lien holder on a car title or car loan just means that person is the full owner of the car. If your car gets totalled or goes into default, the lien holder can retrieve the car from you because they have full ownership of the car. Lien Holders are used for lending purposes. This means the lien holder has no liability responsibility. The registered person on the car is required to have liability coverage on the car according to law and not hold the lien holder liability on the car if the car gets damaged or totaled. Lien Holder means they fully own the vehicle until the loan is paid off.
Does the newest title show lien? If not probably satisfied previously
Pay off the lien.Pay off the lien.Pay off the lien.Pay off the lien.
Lien holder is paid first, any balance goes to registered owner.
A chattel lien sale affidavit form must be filed with the local county auditor. A letter must also be sent by the lien applicant via certified mail to the registered owner of the property in question. A copy of the letter along with certified return receipt or proof of mailing must be submitted to the county auditor.