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After you pay off a vehicle, your bank should automatically send you the title. If you haven't received it after a short period of time, call them to make sure they received your payment.
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∙ 9y ago
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Does a buyer need to know what your payoff is?
Need payoff for a loan
My wife is about to payoff her auto loan that is in her father's name When she sends in the payoff check will she be able to request the title in her name or will the title need to go to her dad?
Yes, but your dad can deed the car over to her or sell it to her for a dollar, so there's no point in stressing over this.
What if a friend has the title to the car after payoff but won't release the title?
Your problem is why courts exist.
How do you complete a mortgage payoff if the lender cannot be found?
You need to consult with an attorney or title company that can perform title research to determine the entity that acquired the lender's interest in the mortgage.
When buying a used boat how do you do a lien search?
If you are trying to see if the current owner still has a payoff on the vehicle, it will say on the title. If it is a free and clear title then the original lien holder has to sign off on the title. Some states have a title and a form called a lien release. What state do you live in?
How do you get a payoff citibank auto loan letter The loan was opened Nov.1996 and was paid off in 1997?
I need to clear the title on my pontoon boat that was paid off in 1995. I have a copy from NBD Loan Office with a stamp saying it was paid but Michigan Secretary of State says I need a letter from NBD.
What do you need to do to get a loan against your car?
A clear title for that car.
is title clear?
is the title clear
If a person dies without clear title can her heirs inherit her property?
The heirs can only inherit what the decedent owned. If she didn't have clear title then you won't inherit clear title. At some point the title will need to be cleared up. That will be whenever you wish to sell or mortgage the property.
What if the Title insurance company did not clear the title after closing and is asking seller to pay more money?
To begin with the title company should have "cleared" the title by collecting for any necessary items to be paid off at close, and by resolving any ownership questions far in advance of closing. If by "not clearing the title after close" you mean that they did not record required documents or payoff any encumberances, if they collected money for these items they must be paid off immediately after closing, and documents must also be recorded in a timely matter. If the reason for them not clearing the title is that something was unavailable and the company performed the actions that their underwriter requires, they may have a valid reason to ask for more money after closing. A good example of this is when a title company obtains a payoff for a mortgage good past the day of close and when they forward the fund to payoff that mortgage, an item such as escrowed insurance has been paid since the time the payoff was issued. It would be fair for the title company to ask the seller for more money in this case. Further, there are certain affidavits that the seller signs at close agreeing that they have not encumbered the property further during the contract period. If this proves to be incorrect, the seller would certainly owe any related expenses. Basically, as long as a title company followed procedure, most mistakes in this area are ones that they can come back legitimately to the seller for recourse. Now, on the other hand, if a title company has collected money to payoff liens, mortgages, etc., and doesn't send the money in a timely matter, they would be responsible for any additional expense incurred to payoff those items.
Do you own a vehicle outright if you have to title to it in your name?
If you have no LIENS on the title if there are some you have to go to lienholder and check for payoff dates and obtain copy for DMV & your records
Is the title considered clear if the vehicle is financed through a bank?
A clear title is a title that has no financial obligation against it; therefore a title held by the bank is not a cleared title.
