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You want to buy a used car from a dealer but car has lien on it what should you do?
Wiki User
∙ 15y ago
I would be very leery to purchase anything from anybody while there's still a lien attached. As you probably know, this entitles the lien holder their right to however much was loaned against the vehicle, which must be cleared at the time of title transfer. The dealer should have taken care of this when they purchased the car from the prior owner.
Assuming the vehicle is worth pursuing, try making an arraignment with the dealer where they will allow you to accompany them to the lien holder's business, at which point the bill can be settled. Under no circumstances should you pay for the car without them first taking care of the lien.
Wiki User
∙ 15y ago
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How long does a lien stay on a car if you have a wrecked car with no payments for last year and dealer doesn't want it back and you want to take to junk yard or sell for parts but lien on title?
Forever. But what you can do is ask for a release of lien from the dealer. Once you get a release of lien from the dealer, you go threw the normal titled process in your state to obtain a lost title.
House you want to buy has a lien?
The lien must be paid. The funds should come out of the seller's pocket.
How do you pursue a property lien?
For real property the lien must be recorded in the land records. The property cannot be sold or refinanced until the lien is paid. If you want to take possession of the property you should consult with the sheriff or an attorney who specializes in representing creditors.For real property the lien must be recorded in the land records. The property cannot be sold or refinanced until the lien is paid. If you want to take possession of the property you should consult with the sheriff or an attorney who specializes in representing creditors.For real property the lien must be recorded in the land records. The property cannot be sold or refinanced until the lien is paid. If you want to take possession of the property you should consult with the sheriff or an attorney who specializes in representing creditors.For real property the lien must be recorded in the land records. The property cannot be sold or refinanced until the lien is paid. If you want to take possession of the property you should consult with the sheriff or an attorney who specializes in representing creditors.
Lien against home lien holder refuses to discuss any settlement refuses any contact and will not answer any letters however just lets the lien stay on. Can he do this?
Sounds as if the lien holder is being quite unreasonable and for whatever reason does not want the lien settled. You should be checking the official documentation received when the lien was issued. You most likely need professional help in the form of a lawyer.
How do you remove a lien from your property that actually affects a person with a similar name?
The ideal resolution would be for you to consult with an attorney who can write some letters for you, draft an affidavit and make certain the correct documents are recorded. The lien holder should pay for the recording of any related documents. The following are some of the bases that should be covered:You should first contact the lien holder and explain the situation asking it to release the lien and rerecord it correctly.You should ask if they reported it to any credit agency.You should also record an affidavit in the land records stating you are the owner of the property and you are not the defendant mentioned in the lien if you want to clear the record since any future lender may hold that lien against you.The ideal resolution would be for you to consult with an attorney who can write some letters for you, draft an affidavit and make certain the correct documents are recorded. The lien holder should pay for the recording of any related documents. The following are some of the bases that should be covered: You should first contact the lien holder and explain the situation asking it to release the lien and rerecord it correctly.You should ask if they reported it to any credit agency.You should also record an affidavit in the land records stating you are the owner of the property and you are not the defendant mentioned in the lien if you want to clear the record since any future lender may hold that lien against you.The ideal resolution would be for you to consult with an attorney who can write some letters for you, draft an affidavit and make certain the correct documents are recorded. The lien holder should pay for the recording of any related documents. The following are some of the bases that should be covered: You should first contact the lien holder and explain the situation asking it to release the lien and rerecord it correctly.You should ask if they reported it to any credit agency.You should also record an affidavit in the land records stating you are the owner of the property and you are not the defendant mentioned in the lien if you want to clear the record since any future lender may hold that lien against you.The ideal resolution would be for you to consult with an attorney who can write some letters for you, draft an affidavit and make certain the correct documents are recorded. The lien holder should pay for the recording of any related documents. The following are some of the bases that should be covered: You should first contact the lien holder and explain the situation asking it to release the lien and rerecord it correctly.You should ask if they reported it to any credit agency.You should also record an affidavit in the land records stating you are the owner of the property and you are not the defendant mentioned in the lien if you want to clear the record since any future lender may hold that lien against you.
You want to buy a car from a mechanic shop that was obtained through a mechanics lien How do you find out if there are any outstanding payments due on the car from a dealer or anyone else?
how to find out if ther is any debt owed on a car being bought from a mechanic shop that obtained the car through a mechanics lien
What if the car has lien on it and you want to buy it?
Lien must be satisfied somehow so title can be transferred.
Can you return a used car purchased from a dealer?
A car bought from a dealer is usually financed by a bank they want there money not the car back
Can you return a used car back to the dealer in Nebraska?
Why would the dealer want it back. You bought it, and it is now your car. Remember, buyer beware.
Your car was used a collateral on a personal loan and you want to sell it to pay off the loan how do you go about this either to an individual or a business that buys used cars?
Talk to the lender who holds the lien on the vehicle and tell them you plans. They will help you do this. You will need their permission and a lien release.
Hey Lien want to do something with you later?
scrabble?
You are selling a motorcycle and need to put a lien on the title until it is paid off How do you go about this?
When you sell it, you have to fill out info on the title. There should be a place on the title if you want to include a lien - check and see. Then, take the title to the division of motor vehicles.
