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.
Need payoff for a loan
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.
You need a clear title.
Your problem is why courts exist.
is the title clear
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.
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?
A clear title for that car.
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.
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.
The lien must be paid in order to clear the title.The lien must be paid in order to clear the title.The lien must be paid in order to clear the title.The lien must be paid in order to clear the title.
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.
You would need to do a title search - this can be done by a title company or by a paralegal or attorney who does this type of thing on a daily basis. You can do it yourself but if a title company does it they will give you the official insurable information you need. There must be no judgments or liens against the property for there to be clear title. If there are judgments or liens, those must be satisfied prior to being able to sell a piece of propoerty.
Generally, a deed is not a guarantee of clear title. For recorded land, a title examination must be performed to ascertain if the title is clear. In registered land systems, a deed followed by a certificate of title should provide the grantee with a clear title to the property. In registered land systems any encumbrances should be listed on the certificate of title.
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
You will need a clear title in your name before you can sell it.
No! "clear" means clear! No liens!
i believe a clear title is where no one has a lien on it.like if you get a loan from the bank to buy a new vehicle they own the title until you pay it off then it's yours free and clear.
You need to pay the lien. A prudent buyer has the title examined before purchase. That way, liens are disclosed and the seller must pay them out of the proceeds of the sale. Then the buyer takes title free and clear of liens.You need to pay the lien. A prudent buyer has the title examined before purchase. That way, liens are disclosed and the seller must pay them out of the proceeds of the sale. Then the buyer takes title free and clear of liens.You need to pay the lien. A prudent buyer has the title examined before purchase. That way, liens are disclosed and the seller must pay them out of the proceeds of the sale. Then the buyer takes title free and clear of liens.You need to pay the lien. A prudent buyer has the title examined before purchase. That way, liens are disclosed and the seller must pay them out of the proceeds of the sale. Then the buyer takes title free and clear of liens.
IS THERE A CLEAR TITLE? Who has the title?
I NEED A TITLE I HAVE NO TITLE
Ask an attorney for help. You need one because you are not making yourself clear in your question.
If there is a lien on the title to the property, it would have to be satisfied for the seller to give "good and marketable title" to the buyer. I have never heard of a situation where a payoff could not be obtained and anyone was okay with it so I don't think the sellers can "dismiss the mortgage" under an circumstances.
An open title on a used car is when someone skips an assignment on the back of the title. This can create many problems. You want to make sure that the car you are buying has a clear title. A Clear Title means there are no issues with the title.
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.