If you are making a payment, whoever you are making the payment to holds a lien on the vehicle, unless the vehicle was purchased on an unsecure note (not likely). Some states will issue you a title even though there is a lien holder on the title, some require that the lien holder holds the title until the not is paid in full. Look at the title, itf the lien holder section is filled out, that is who holds the lien, they can have the car repoed. there is no lien holder on the title it is clear the car lot is in the sellers area
CONTACT YOUR LIEN HOLDER AND MAKE THE PAYMENT ARANGMENTS / CONDITIONS AND TERMS. DEPENDING THE LIEN HOLDER YOU MAY BE SUPRISED ON HOW EASY THEY CAN BE TO WORK WITH.
You resolve the lien through payment or release. Only the lien holder can remove it without a court order.
An assignee of a lien is the new lien holder.
Not normally ... there must be some reason for this action on the part of the lien holder. If just one payment is missed, or just one day late, the lien holder could claim 'breach of contract' and demand return of the vehicle. I would be asking a high ranking official of this lien holder this very question ...
No a lien holder can not file a claim against the insurance company as they are not the named insured, you are. Although if there is a lien on the vehicle the insurance payment for damages to your vehicle will be in your name and the lien holder name. They then might require that you fix the vehicle so they can protect their interest in the vehicle. each lien holder is different. CORRECTION: If the lien holder is named on the policy and the vehicle has been repossessed, the lienholder has a right to recovery under that policy.
Generally, if there is a debt involved the lien holder can hold the property until the debt is resolved. It is a security interest over property to guarantee payment.
What do you do if you over payed on a law suit
The lien holder would. A lien holder has a financial interest in the property
A person can be the lien holder for anythimg
What are my rights as a lien holder if the customer does not have full coverage even after it is part of his or her contract with us.
You really cant sinced you signed the title...Its now there car you can take them to court and try to fight it. Next time you need to fill out the lien holder section on the back of the title listing you as the lien holder and then you have the legal right to repo.