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While this varies by state, there's usually a place marked LIENHOLDER on either the front or back of the actual title document. By inserting your name (or company) on the 1st available LIENHOLDER line, this will be recorded on the new title once the purchaser registers and titles the vehicle.
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In the state of Colorado can an auto repair shop gain title to a car if owed money for repairs?
they can put a lien on your title,its called a mechanics lien
What does it mean if there's a lien on a car title?
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.
If you live in the state of Georgia and there is a lien against your vehicle but no money is owed can they repossess the vehicle?
A lien means that money is owed on your vehicle. If there is no more money owed, then there is no longer a lien, and the vehicle cannot be repossessed.
Lien on property in which the debtor filed a Chapter 7 and listed the debt incorrect The lien is still valid but the title co and the lender refuse to acknowledge it How can you collect the money owed?
No.
If you purchased a car from a friend that had it financed through a bank can they take it from you even though you paid over five thousand dollars already?
Unfortunately, yes they can. There was most likely a lien on the title if money was still owed on it. Whenever a lien is present it means that the person owed the money, or the owner of the lien, has first rights to the vehicle. Whenever you buy a car from anyone, you should always make sure it has a clean title first.
How do we get the title to our motorcycle if we settled for less than what we owed?
They should release the lien, get on them.
Assessment is disputed on fully paid condo mortgage - what would a lien do?
The effect of a lien is to cloud title based on monies owed. The title cannot change hands without the removal of the lien, meaning the lien amount is paid before title is clear.
What does lien record found mean?
Somebody has a lien on whatever you are talking about. That means money is owed and the object is the guarantee.
Can you get a lien on your Homesteaded property in Florida?
Yes, you can get a lien on your homesteaded property in Florida. A court will put a lien on the property if money is owed in a judgement.
What happens to a lien placed on a property and that person who is owed the money dies?
The debt is owed to their estate.The debt is owed to their estate.The debt is owed to their estate.The debt is owed to their estate.
If you have the title to your vehicle can the bank still repossess it?
If there is money owed to the lender with the vehicle used as collateral, the lender will be shown as a lien holder on the title and can if the contract is defaulted recover the vehicle according to the laws of the state in which it is registered. yes
Can lien be placed on a mobile home by the community where it is parked if money is owed to that community?
Yes, it is a form of or similar to a mechanic's lien. Any money owed as a result of any service performed on or for a vehicle (and a mobile home is a vehicle with a VIN--look at the frame underneath), a lien may be placed on it.
