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You just received a car that has a lien on the my title; what does that mean?
Wiki User
∙ 18y ago
It means that someone has borrowed money from a Bank or lending company and used the car as colatoral. Be carefull, if you purchased this car, and that lien is still against it, the lending company can come after you for the money or take the car from you.
Wiki User
∙ 18y ago
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What does no lien on truck title means?
It would mean EXACTLY what it says; there is "NO LIEN", the named owner on the title owns the vehicle free and clear and can do with it as he or she pleases.
What does it mean if there's a lien on a car title?
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.
What does have a solid title on a vehicle mean?
A clear title without a lien or if it has had a lien on it, either a release on the title if there is a place for it or a lien release from the bank or person named in the lien. It should be in your name, meaning you are the person on the front of the title and the back should be clear until you transfer it to the person you are selling it to or whatever the business is you are doing with it.
What does it mean when a homeowners association places a lien on a house?
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.
What does not on title mean?
A person, lien, usage restriction/ special clause etc does not appear on title deeds or will
What does it mean to buy a used car with a lien reported on the title in 2001 and since that has had two titles in 2004 and 2007?
Does the newest title show lien? If not probably satisfied previously
What does a lien on your car title mean?
you owe somebody money and your car was used as collateral
Does a lien on property mean it has to be sold in California?
A lien is paid out when the property is sold. It will come out of the proceeds paid to the seller for his recorded lien before a clear title can be issued to the new buyer. Otherwise, it just sits there as a matter of record.However, if the lien is large enough to be worth the trouble of foreclosing on it, the creditor may force the sale of the property to pay the lien.
Does the title loan agency have the right to repo your car if they don't have the title?
Usually they have the title, so I don't know what you mean about that. However if they have a lien on it, they can re-possess the vehicle.
Who is responsible for a property tax lien that the title company didn't find until after escrow closed?
The Title Co should have found that lien, which mean that the Lenders is not in 1st Lien position,, Title Co's issue a CPL which is a closing protection Letter or E&O. Which protects the lender. The Title Co can request that you settle out the Lien and provide proof. Either way someone has to pay it. I would contact your loan servicer and have them advise you on what to do since they now have an interest. Good Luck
What does a lien on a car title mean?
The lien holder (PERSON OR FINANCE COMPANY THAT HAS AN INVESTMENT INTEREST IN VEHICLE) must be paid off prior to you selling vehicle to another party.
What does it mean if the lien holders name is still on your vehicle title?
It means the lien holder has not released the lien because it hasn't been paid. You need to do some research. It must have been on the title that was signed over to you at the time of the sale. That is the time to check into clearing the lien.If a lien is listed on the title of a motor vehicle the buyer should not turn over the proceeds to the seller. The lienholder should be contacted for a payoff amount and the paid if necessary. Arrangements should be made at that time to have the lien released.
