Lender or Beneficiary
A vendors lien is the right of a seller to retain the property till payment of the purchase price
they can put a lien on your title,its called a mechanics lien
A lien on a car title most typically means that money is still owed on the car. When a person takes out a loan on a car a lien is put on the title until the full repayment of the loan.
There is a separate place on the title for the lien holder information. Unless you have borrowed the money from an individual.
This lien clouds your title of ownership, probably because you owe the association money. To clear the lien, pay the debt, then ask their attorney for a Release of Lien, which you can file at the local county courthouse. This clears your title.
You have the title, but I bet on that title the lender you own money to is listed as the lien holder. He can repossess the car at any time if you miss payments. Having the title means nothing.You have the title, but I bet on that title the lender you own money to is listed as the lien holder. He can repossess the car at any time if you miss payments. Having the title means nothing.
Depends on what the lien is for. It has to be satisfied and released by them-usually with money.
you owe somebody money and your car was used as collateral
A lien holder is someone who has a financial interest in a car. It could be the bank you financed it from, or someone else who the car owner owes money to. The car owner's name is on the title with the lien holder's name so that you can't sell the car without the lien holder signing the title...this means that you don't owe the lien holder any money on the car. The car is now 100% owned by the title owner.
If the car has a lien, you usually have to pay off the lien before you can get a clear title. Otherwise, in this state you have the name of the lien holder on the title.
Take the buyer & title to the car with you to the lender that holds the lien on the vehicle. Use the money he is paying you to pay off the loan and get a lien release from the lender. Sign the car over to the buyer at the lender's place of business. Take this lien release and the title with you and the buyer to your DMV, and transfer the car into the buyer's name.
To find the lien holder of a vehicle, the registered owner of the vehicle will have to apply for a duplicate title. The VIN will be necessary to obtain the duplicate title. The lien holder will be listed on the duplicate title.