Having the same issue. DMV says I need to send at least 2 certified letters addressed to the lien holder at their last known address. Once these come back as undeliverable, and they complete their check to see if they have any new address on record (which they won't...company was an LLC and the company is dissolved, then I can get a certificate of title, but I'll have to put up a bond for the value of the vehicle, just in case they somehow resurfaced. I think a bond may cost me 10% of the value? Not sure if I ever get this back or not though. Still checking on that.
An assignee of a lien is the new lien holder.
The lien holder would. A lien holder has a financial interest in the property
If a debt has been paid off, the lien holder is required to release the lien. If the lien holder refuses, you will need to get a lawyer and take the case to court
I think you mean LIEN (not lian) holder. A lien holder is one (an individual or company) which holds the lien to a secured real or personal property.
The lien holder is the person or firm, you borrowed the money from to purchase the car.
only if the lien holder caused the collision
Well, you own the vehicle subject to the lien. You cannot sell or refinance the vehicle until the lien holder is paid. If you don't pay the lien, the lien holder can repossess the vehicle. So you own it subject to your paying the loan.
You don't. The only one who can fill out a lien relese is the lien holder. As the owner of the car you are not the lien holder. Take the title to whomever holds the lien and they will release it.
No. In the case of "brokered" loans especially the lien holder is the investor that holds the note. The lender is the broker that helped you secure your financing.
Yes.
If you are the lien holder, yes.
Generally to remove a lien, you have to pay the amount of the lien to the lien holder. Even if it is abandoned, the lien holder still has a financial claim against it that must be satisfied before the title is clear. The only other possibility is to show a court that the lien is not legitimate.