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.
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.
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.
The effect is to cloud the title to the property. The lien must be satisfied before title can be transferred to a new owner.
A person, lien, usage restriction/ special clause etc does not appear on title deeds or will
Does the newest title show lien? If not probably satisfied previously
You should return to the court that issued the lien although you should have received notice of the initial hearing at which time you could have contested the complaint. You should explain what you mean by "false lien".You should return to the court that issued the lien although you should have received notice of the initial hearing at which time you could have contested the complaint. You should explain what you mean by "false lien".You should return to the court that issued the lien although you should have received notice of the initial hearing at which time you could have contested the complaint. You should explain what you mean by "false lien".You should return to the court that issued the lien although you should have received notice of the initial hearing at which time you could have contested the complaint. You should explain what you mean by "false lien".
you owe somebody money and your car was used as collateral
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.
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.
What do you mean? Did you purchase a home that has a lien on it? If so, you do not have a clear title to your home and the lien holder can take posession of your property. A lien should be paid off prior to completing a sale of a property. Good Luck
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.
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.
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
Assuming you are talking about an IRS lien, then yes. If you were not liable for the taxes, then the lien should not be on your property. The first thing to determine is whether or not the lien actually attached to your property. If the previous owner of the house owned the house at the time the lien was filed, then the lien probably legally attached to the house. If this is the case, this is something you should take up with the title company that did the title work when you purchased the house. More common is that the IRS filed a lien and the address they had on record was still his old house (your house). Just because the lien had that address on it doesn't mean you have a lien on your house. If the property wasn't his, then it did not legally attach. If a title company still has issues with this (if you are trying to sell your house), you may need to get a Certificate of Non-Attachment from the IRS to show them that it's not attached.
Lien means right on property to keep possession of it till debt due in respect of it is discharged. Thus a Bank has a lien on your property until the ouitstanding mortgage is paid.A lien is a means of "clouding" the title to your property. For example, there are mechanic's liens, tax liens, judgment liens, etc. If you have a lien on your property, that lien must be satisfied before you can reap the benefit of a sale of that property. In other words, you must "clear" the title (by paying sums due or performing) before you can pass that property through sale, etc. A title company can help you with this.
As an owner, it means that your title to your unit is 'clouded' -- your title is encumbered/ not clear -- by the amount of your assessments past due and accumulating, that remain unpaid. A lien may also appear on your personal credit report if the title is in your name.
There is a lien or was a lien on the property and the lien was sold to a 3rd party such as an attorney
A title is a document that proves ownership of the vehicle. A vehicle cannot be legally registered and licensed. When you purchase a vehicle you receive the title from the seller. You take the title to the DMV, fill out the paperwork and you will receive a new title in your name and the name of any lien holders.
What's a "lien"? If you mean lion, then Africa. :)
It can of course mean it is a clean car meaning it is not dirty. Or it can mean it is a clean machine meaning it is sharp of nice looking. It can also mean it has a clean title, meaning there is no lien on the vehicle.
If you sell it for the amount owed, it's little trouble. Just send in the payoff amount and a letter requesting release of lien status and the title. Once the financial intitution has finished it's paperwork, you'll get title in the mail (you can request it be sent express, but you'll have to pay for shipping). Then just sign it over to the new owner. If you sell it for LESS than you owe, you'll have to pay off the difference. The buyer doesn't want a car with a lien on it. It doesn't mean you have to pay it off out of pocket; you could use another form of credit (credit card, personal loan from the same bank, home equity loan, etc.). The bottom line is you have to pay off the loan to get the title, and you have to have the title to complete the sale.
It could mean that money is owed on the car and you could lose it if the person defaults. Or it could mean that there is a mistake and the lienholders neglected to discharge the lien. Whatever the case is, don't buy a car that has any liens on it. If you already bought it, contact the lienholder to see if the lien can be discharged.
Go to the DMV (Department of Motor Vehicles) and have them run a lien check on the vehicle. WHAT DO YOU MEAN; BANK LIEN OR MECHANICS LIEN? autolienservice.com
It means that the court is officially documenting that a lien exists to protect the lien-holder's interest.