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If you buy a car at auction for a winning bid and the title shows a existing lien after receipt who is responsible for clearing the lien?
if you are the highest bidder, you get the auction papers to the car, when u go to the DMV you will register the car as your own, the title will come in the mail and show an existing lien on the car it says the banks name and your name yet, the person who originally requested the auto loan will have to pay for the car even if it is in your possesion, so you are not responsible for paying the lien and no one has the authority to take that vehicle away from you as long as you bought it legally in a auction and keep copies of all the auction paper work cause one day you might need it. now if you want to sell the car with a lien on the title, i don't know what happens there, that's the step im up to.
What can you do if you bought a car at auction and got a title from the DMV with no liens then 2 months later a bank says they havea lien?
well if you have a clean title with no lien on it, then i say sell the car with that title there should be no problem what so ever. i need to know what happens if i sell a car with a lien on the title (auction car) but the lien does not pertain to me, can the car be successfully transferred to another person ? or what do i have to do to remove this lien ? email me - djhackstyle@hotmail.com
Do I inherit a debt if the car I bought had a lien on it?
It is illegal to sell a car with a lien on it. If it has a lien you will not be able to register the car in your name. The loan must be paid off and the lien released before you can actually own the car. You may have just got scammed.
Can you get a title for a car that was sold to you but has a lien on it?
The lien must be paid off and the title must then be signed over to you. You cannot insure and register the car in your name without a title.
Have a car bought it from pa switched title to NJ pa says has lien but New Jersey says no?
The lien is registered in PA This is normal By the way it may be illegal for you to register this car anywhere knowing of the outstanding lien.
What happens if i buy a car with a lien title from the owner?
A lien title means that the car has a loan against it. If you do not have a "clear" or non lien title, the lender who hold the clear title can and does have the right to get the balance of the loan from you. The purpose of the lien title is to enable the car buyer to get the legal requirement for driving the car from the state. It's like renting the car in essence; the lien title is almost like the lease agreement for an apartment.So if a lien title is all there is...don't buy the car. It's not his to sell.Somebody has to settle the lien before you can legally own or register the vehicle.
How do you register a car bought from an auction and have no title?
want to buy a vehicle without a title but with a bill of sale
How do you lput a lien a car?
If you want to get a lien on a car you have to go to the court house where the person lives who has the car and file a lien with the proper paper work in the clerk of court office. Get them to show you examples of the paper work you need, then draw up your lien , get it notorized and then file it at the clerk of court office. don't know where your state is but in Georgia it cost $10 - $15 at some court office's. I've had to do this before.
Can't afford to take car out impound CA?
Eventually the state will auction it off to recoup their costs. If you have a lien on it currently, the lien holder may take it out of impound and auction it - the state recovering their costs takes priority over the lien holder, and the lien holder will lose all claim to the vehicle if the state auctions it off. Either way, the payments for the vehicle will remain your responsibility.
does my car have a lien?
does my car have a lien?
If a vehicle has a lien can it be registered by owner?
Yes, you can register a car with a lien on it. Once you turn in that title from the seller with the lien on it when you are registering that lien will be recorded over to the title issued in your name. The lien has nothing to do with registering a vehicle. It has everything to do with selling a vehicle.
What happens if you do buy a car or motorcycle that has a lien against it and you want to register it and you got the car with a bill of sale?
you will have to find out who has a lein on it have them fill out a fourm of lein satisfy. In most states a lien holder is recorded on the title and the lien holder will keep the title until the lien is paid off. After the lien holder is paid off, they will sign the title to release the lien and give/send the title to the owner. The title office can tell you who has a lien on the title.
