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You can only transfer a car title with a lien if the leinholder agrees to the transfer. The usual way is to pay off the loan as part of the purchase or transfer transaction, using part of the sales price for that and thus removing the lien.
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∙ 12y ago
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Can a lien holder hold title when car is in Chapter 13 and you are trying to transfer tags from KY to TN. Our lien holder refuses to give me the title. I applied for a duplicate title.?
Your lien holder wants to be paid before releasing the car. You should consult with the attorney who is representing you in your bankruptcy. You cannot transfer title because you don't have clear title to transfer.
How do you transfer a car title with a Lien in Wyoming?
Contact the Wyoming Department Of Safety Title Bureau.
If someone has a car title that belongs to a person that someone paid for from a title loan place and the person didn't put his name on the lien spot so does the car still belong to him or you or who?
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.
What is the limitation on a car with a lien on it before you can get the title?
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.
How do you transfer ownership of a car to co signer?
Title of car must be signed over to the person the car is being sold to. Unless it is under lien.
What happens if i buy a car with a lien title from the owner?
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.
How do you sell a car if the money from a private party will be used to cover what you owe on the title?
Take the buyer & title to the car with you to the lender that holds the lien on the vehicle. Use the money he is paying you to pay off the loan and get a lien release from the lender. Sign the car over to the buyer at the lender's place of business. Take this lien release and the title with you and the buyer to your DMV, and transfer the car into the buyer's name.
i want to sell my car it dont have a title?
First you will need to contact the cars lender to find out if there is a lien on the car. You must have the lender release the lien if there is one before you can legally transfer ownership.
Can a car be protected from creditors if it is in default and the title is transferred to someone else?
Your creditor most likely holds the car title and/or there is a lien on your title. So, you will be unable to transfer title without paying the lien. The easiest thing to do is to bring your payments up to date and then to sell the car if payments are too high for you to manage on a regular basis.
What is the difference between a transfer of lien and release of lien?
A transfer of lien assigns the lien claimant's position in the lien to another party. A release of lien discharges the lien and makes it not appear on a title policy issued for the property.
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.
What to do when you sell a car with the title being in pawn?
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.
