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You were the beneficiary of a car in a will but the car still has a lien?
Wiki User
∙ 13y ago
You cannot will, what you do not own. You were only willed the EQUITY, in the car, if any. Here is what you do. find out what the car is worth, verses what is owed. Look online for like models, for sale. That will give you an idea of value. Compare that number, to amount of payoff. You will have to call the bank, on this. Payoff, and amount of money ewed on the loan, are usually different. The payoff, will usually eliminate a bunch of interest. Anyway, compare the two, and if it is worth more than owed, then you have equity, or cash value there. If it is worth less than owed, you may be better to walk away from it. This is something only you can decide. At least all this will give you the information you need, to make your decision.
Wiki User
∙ 13y ago
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How can you have the title but there is still a lien against the car?
Could be a mechanics lien.
What do you do if you can not get your car out of impound but you still owe money on the car to a lien holder?
The lien will not go away. You still need to pay it off.The lien will not go away. You still need to pay it off.The lien will not go away. You still need to pay it off.The lien will not go away. You still need to pay it off.
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.
Can siblings put a lien on a home that was inherited by a beneficiary deed?
AnswerYou haven't explained the reason for the lien. If the beneficiary owes the siblings any money and refused to pay they can sue in court for the debt and obtain a judgment lien on the property.
How do i sell a wrecked car i still owe money on?
You cannot sell a car you have a loan on if the lender has a lien on the vehicle. You will need permission from the lien holder to sell the car. If the lender has no lien on the vehicle then you can sell it if you wish. The title will list any lien holder.
Can the judge in a divorce give the car to someone free and clear even though their is a lien against it?
It will be interesting to see if the judge can give the car to someone free and clear even tho there is a lien. The judge probably can not give the car away and ignore the lien. Still, it could depend on the identity of the lien holder. Other than that slim possibility, the lien may still be a factor.
does my car have a lien?
does my car have a lien?
Who gets money when there's a Vendor's Lien on title?
Lender or Beneficiary
What is the statue of limitations on a car lien?
The lien is no longer applied to the vehicle when the loan is paid off. You can then get a lien release from the lender. As long as the loan has not been paid off the vehicle still has a lien on it.
If you have the title to your car can someone put a lien on it?
Yes, if you left it for repairs in a shop and did not pay for repairs, they can put a mechanics lien on it, also if your car was towed and you did not take it out of storage they can put a storage lien on it. Sometimes even when you finance a car if they accidentally forget to add a lien and you receive the title, they can still add the lien with the contract or agreement they have signed by you.
How can you get a lien release form from Transouth financial corp?
I paid off my debt for a car eight years ago and TransSouth still has a lien on it how do I get a release of lien on the vehicle?????
Can shop put lien on car if im still payin on it?
In most states a shop can put a mechanic's lien on the vehicle whether you are still paying the note or not. This means that you cannot sell the vehicle until you clear the lien.
