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How do you proceed to buy a used car with a lien on it from an individual to make sure the lien gets paid?
Wiki User
∙ 15y ago
I saw on another site that you go to the bank with the seller, pay off the lien, have them sign the title then both go to DMV. I would appreciate a more thorough answer myself.
Wiki User
∙ 15y ago
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Can anyone individual write their name in the lien holders blank on the back of car title and make it binding when he has taken your money and sold the car to you?
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How do you fight unlawful tax lien?
First off, make sure the judgement for the lien is signed by the judge.
How do you sell a motorcycle with a lien?
You will need to pay off the lien first, or arrange with the lienholder to be able to make a sale.
How do you file a mechanics lien please show sequence from start to finish repairs were made on heavy duty truck in Texas?
to file a lien on a truck all you have to do is take all of you reciepts and your labor bill on the repairs that you have done to the court house . to the clerks office tell them you want to put a lien on this vehicle for the cost of repairs and labor it will cost you some filing fees but that's it . just make sure you have make and model of truck VIN number and who ownes there information like address , phone , names first and last, . and then they file it and the owner gets served the lien papers . that it
Will having a lien prevent the purchase of a home?
Yes. A lien must be paid off before a property can be sold or mortgaged. In the case of a sale, the buyer's attorney will make certain the lien is paid from the proceeds of the sale before the buyer takes title.Yes. A lien must be paid off before a property can be sold or mortgaged. In the case of a sale, the buyer's attorney will make certain the lien is paid from the proceeds of the sale before the buyer takes title.Yes. A lien must be paid off before a property can be sold or mortgaged. In the case of a sale, the buyer's attorney will make certain the lien is paid from the proceeds of the sale before the buyer takes title.Yes. A lien must be paid off before a property can be sold or mortgaged. In the case of a sale, the buyer's attorney will make certain the lien is paid from the proceeds of the sale before the buyer takes title.
What if someone sells a vehicle with a lien on it can the buyer have it taken away?
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
Can you buy a car if lien on car?
Yes but make sure YOU pay the lien off and don't just pay the seller and hope they will pay it off.
What is the difference between a first lien and second lien mortgage underwriting process?
A second lien mortgage occurs when a lender is willing to impose a lien on an asset that already carries a lien with another creditor. An example of a second lien mortgage is a second mortgage being taking out for property. If a person does not make payments to either lender, the first mortgage is settled before the second mortgage can be settled,
Is a house lien still active when the owner dies?
A lien does not go away with the death. It remains against the estate of the deceased. The debtors will likely file their claim with the estate and make sure they get their money one way or another.
Can a lien hinder the transfer of land title?
If there is an existing lien on your property you can transfer the property to a new owner but the land is still subject to the lien. The new owner would have to pay the lien. Take care if the lien is a mortgage. In most cases the transfer of a property encumbered by a mortgage will trigger an immediate demand to pay off the mortgage. A property tax lien for delinquent taxes gives the town legal title to the property. You should also make sure your grantee is aware of the lien as it may have a detrimental affect on their use, enjoyment or continued possession of the property. Especially if a title examination will not be performed.
Lien Processing Is A Financial Service?
At some point in time everyone is faced with the decision to buy something on credit. It may be a car, a house, an appliance, or a tract of land that requires some sort of financing to complete the transaction. If financing is the only option a lien is generated to guarantee payment. A lien is a claim against the property purchased; it prevents an individual from selling it before the debt is paid and the lien is removed.A lien doesn't give anyone else ownership of the property it just prevents the individual from transferring or selling the property while the lien is in force. If the property is sold before the lien is paid the owner must pay off the lien from the proceeds of the sale. If the proceeds are less than what's owed on the property the owner is responsible for the difference and must pay it before the lien is removed. Lien processing lawyers' deal with incorporating, enforcing, and retiring liens.Most Liens Are Accepted as Normal Financial ToolsMost liens are voluntary so a standard form is used when purchasing a car on credit or buying a home. A home mortgage is actually a lien; the lender puts a lien on the property until the mortgage is paid or the property is sold and the debt is paid in full. Contractors use liens to ensure payment when remodeling work is done. A contractor or mechanics lien can be filed in some states without the giving the individual any notice. That practice can open the door for several legal battles and that's when a lien processing attorney is called in to sort out inferior workmanship, additional charges, and non-payment for services rendered.The government will put a lien on property if income taxes are not paid according to their terms. Another type of lien processing has evolved from the failure to pay income taxes on time. A tax attorney is trained to negotiate with the government so tax liens can be removed as quickly as possible. A lien processing tax lawyer helps taxpayers pay what is owed or they make a settlement with the government so the tax lien is removed from personal property.Other liens like a divorce lien, a homeowners' association lien, and judgment liens filed by banks and credit card companies often require the services of a lien processing attorney who can help reduce additional interest charges and legal costs.
How do you Pay the deficiency but not interest?
CONTACT YOUR LIEN HOLDER AND MAKE THE PAYMENT ARANGMENTS / CONDITIONS AND TERMS. DEPENDING THE LIEN HOLDER YOU MAY BE SUPRISED ON HOW EASY THEY CAN BE TO WORK WITH.
