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A Lien is a legal document that is used to support the claim that an individual or a company has financial interest in property, whether it's real estate or personal property. If such a claim is valid, the proceeds of a sale must first go toward settling the claims of the lien before any other money is distributed.
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∙ 13y ago
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Is an assignee a lien holder?
An assignee of a lien is the new lien holder.
Who needs lien insurance?
The lien holder would. A lien holder has a financial interest in the property
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.
Is a lien holder responsible if the car owner has an accident?
only if the lien holder caused the collision
Lien holder on your vehicle?
The lien holder is the person or firm, you borrowed the money from to purchase the car.
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 a lender and lien holder the same how can I get vehilce from the second lien holder?
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.
How do you fill out lien release form for a car?
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.
Can a lien holder place a lien against you when you have nothing?
Yes.
Can i repossess a car if have a lien on the tile?
If you are the lien holder, yes.
How do you remove a lien holder off an abandoned motorcycle in New Hampshire?
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.
