Asked in Liens
What is an original lien holder release?
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Can a lien holder refuse release of lien if debt is paid?
Asked in Home Equity and Refinancing, Liens
How do you get a lien release from a bank no longer in business?
Asked in Auto Loans and Financing, Repossession, Liens
Can you get a check from a claim to you directly when the car has a lien holder?
No. If processed correctly the check will be made out to you and the lien holder. No. If processed correctly the check will be made out to you and the lien holder. No. If processed correctly the check will be made out to you and the lien holder. No. If processed correctly the check will be made out to you and the lien holder.
Asked in Cars & Vehicles, Repossession, Liens
How do you get a lien release on a vehicle that was scrapped over 10 years ago?
Asked in Loans, Mortgages, Money Management
If your first original mortgage is current can a second mortgage foreclose?
Asked in Deeds and Ownership
What is the difference between transfer of lien and release of lien?
Asked in Federal Laws
What are the vehicle lien-holder rights on a lien-holder claim?
How do you pay the lien amount?
You need to contact the lien holder and ask for the payoff amount. When you hand the payoff over to the lien holder (in the form of a check of which you have retained a copy) you should obtain a valid release that can be recorded in the land records. You may need legal advice on what constitutes a valid release depending on the type of lien.
Asked in Liens
How do you obtain a release for a Small Business Administration lien?
Is a lien holder responsible if the car owner has an accident?
Asked in Vehicle Titles, Used Car Buying, Liens
What happens if you do buy a car or motorcycle that has a lien against it and you want to register it and you got the car with a bill of sale?
you will have to find out who has a lein on it have them fill out a fourm of lein satisfy. In most states a lien holder is recorded on the title and the lien holder will keep the title until the lien is paid off. After the lien holder is paid off, they will sign the title to release the lien and give/send the title to the owner. The title office can tell you who has a lien on the title.
If you buy a car not knowing there is a lien on it from the previous owner how do you remove it off the title?
You need to find out if the underlying debt was paid. If it was paid you need to obtain a proper release from the lien holder. If it is not released then you need to pay off the lien and obtain a valid release of the lien from the lien holder. You should visit the DMV in your jurisdiction in person or online to determine its process for releasing a lien. The DMV will likely have a form to use. It must be endorsed by the lien holder and you must take or mail that release form, your current certificate of title and the fee to the DMV. It may be safer to do it in person.
Asked in Liens
When buying a used boat how do you do a lien search?