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If it's for a car, you will have to check dmv requirements in your state. They may accept proof co. is out of biz vs proof it is satisfied. Check with BBB etc. to see if they are still around.
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∙ 13y ago
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Who owns the vehicle you or the lien holder?
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.
Is an assignee a lien holder?
An assignee of a lien is the new lien holder.
How do you get a car that has a lien on it in your name registered in your mother's name since she is the one who will be driving it?
A vehicle with a lien holder named on the title cannot be traded, transferred or sold without the title being cleared by the lien holder.
Are wills subject to liens?
no, a will cannot be subject to a lien, however, the lien holder can go after the estate once the will has been executed.
How do i sell a wrecked car i still owe money on?
You cannot sell a car you have a loan on if the lender has a lien on the vehicle. You will need permission from the lien holder to sell the car. If the lender has no lien on the vehicle then you can sell it if you wish. The title will list any lien holder.
Who needs lien insurance?
The lien holder would. A lien holder has a financial interest in the property
If the lien holder was supposed to repossess a motorcycle but never did can you sell it and how do you obtain a title?
No. A vehicle cannot be sold without a clear title and the only way to obtain such a document is through the lien holder.
If payments have been made to the second mortgage but not to the first Mortgage can the first mortgage holder reclaim any of those payments from the second mortgage holder?
No, the first lien hold cannot claim or collect any monies from the 2nd lien holder. The lien holders sole recourse is with the borrower.
Can a lien holder refuse release of lien if debt is paid?
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
What is a Lian holder?
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.
How do i remove a lien from a car when the lien holder went out of business and cannot be located?
Go to your local DMV and explain the situation. Have proof that the lender went out of business. Only They can remove the lien.
Can a lien holder stop you from getting your registration?
A lien holder cannot take the registration name of your car without your knowledge because that is only possible through Application for a Duplicate Certificate of Title and proof of identification is a must.
