0
How do you get a lien release on a vehicle that was scrapped over 10 years ago?
Wiki User
∙ 11y ago
Pay off the lien holder.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
How can you get a lien release form from Transouth financial corp?
I paid off my debt for a car eight years ago and TransSouth still has a lien on it how do I get a release of lien on the vehicle?????
What happens when you file a lien release on car if others have a lien against you?
Your question makes no sense. There is no lien on you but only on your vehicle. You do not file a lien release unless you have a "release of lien" issued by the financial institution which you borrowed money from against that vehicle. If there is a second lien "mechanics lien, tax lien, etc." that lien now becomes primary. Another person cannot take possession and or register the vehicle in their name until any and all liens have been satisfied. 19 years experience in the car biz.
How did you receive a lien release?
Contact the institution that has the lien on the vehicle. Only they can release the lien once you have made all the payments.
What is the statue of limitations on a car lien?
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.
Does this vehicle have a Lien on it?
Does this vehicle have a Lien on it?
Can you sell a vehicle with a lien on the title?
Legally No. How can you sell something you do not own. As long as there is a lien, you do not own the vehicle outright. Go see the lender and get a lien release, if you no longer have a loan on the vehicle. Remember the lender is part owner of the vehicle until you make that last payment. If you clear the lien buy using the proceeds from the sale, you can guarantee a title within 30 days (required by law) to the new buyer. The lien holder will then release the title.
How do you receive a vehicle title that still has a lien?
You can't. If a vehicle has a lien on it the lien holder is the owner of record of the vehicle.
How much can a vehicle be sold for once a lien has been secured?
If you have a lien on your vehicle, you can sell it for any amount. The vehicle is still subject to the lien which means that the purchaser can lose the vehicle if the lien holder collects on it.
Purchasing a vehicle privatley with a lien?
If you accept a vehicle title that has a lien placed on it you become responsible for settling that lien
Who owns the vehicle you or the lien holder?
Well, you own the vehicle subject to the lien. You cannot sell or refinance the vehicle until the lien holder is paid. If you don't pay the lien, the lien holder can repossess the vehicle. So you own it subject to your paying the loan.
How can I sell a vehicle in Texas that has a mechanic's lien?
Either pay off the lien and then sell the vehicle, or sell the vehicle and use the money to pay off the lien.
How do you find out who has a lien on your vehicle?
Go to the DMV (Department of Motor Vehicles) and have them run a lien check on the vehicle. WHAT DO YOU MEAN; BANK LIEN OR MECHANICS LIEN? autolienservice.com
