0
I have never heard of a loan company that did not require you to relinquish the title to them until the lien is satisfied but to be even more specific, the loan company will have you sign papers that validate their right to be placed as the lien holder. They will submit it to the proper state agency, usually the county treasurer's office of where you reside, and will then be sent the title with the new information. They will also run an audit to be sure there are no other lien holders currently listed on the title before issuing any money to anyone.
What else can I help you with?
Can a lien company take you to court for failure to produce car title?
No, the lien company files papers with the courts and can get the title without you.
Can i Put a lien on a vehicle to get my name on the title?
A person or a company that puts a lien on a vehicle is a "lien holder" that is on the title. It is not recognized as ownership.
If Property has a lien that was not found by title insurance company what are the owners options?
Generally speaking, if the owner purchased title insurance the lien should be paid by the title insurance company. If not and the lien was recorded and missed in the course of the title examination the attorney who certified the title to the buyer should be contacted. Her malpractice insurance should pay the lien.
Can a title company put a lien on your vehicle if YOU still hold the title?
as long as you physically have the title in your possession and its in your name and they haven't signed the back, you are still the legal owner. A title company would have to give proof of your financial obligation to them
How can I get the Finance Company removed from my title to show only my name in order to sell it?
Contact the finance company and get a lien release from them. With that lien release you can have them removed from the title. You cannot get the lien release unless you have paid the loan off in full.
Do auto cash title loans put a lien against your car?
Auto cash title loans do not put a lien on your car. What happens is you surrender the title to the loan company and they give you cash. If you fail to pay back the loan, they have the title and are now able to legally come and take your 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.
Can the finance company repo your car when you have a title with no lien?
Yes. The note creates a lien, regardless of whether it is officially recorded on the title. If the lien is not on the title, this will merely create some extra work for the repossessor when they try to sell the car.
How does a judgment lien affect a title search and can you get tiltle insurance if you have a judgment lien against you?
A judgment creates a cloud on the title. Any buyer, lender or title insurance company would require that the lien be paid before they will complete any transaction with you relating to your property.
If the title company missed a lien can they make the seller responsible?
Yes, the title company can hold the seller responsible because the lien still exists. It was just a paperwork mistake on the behalf of the title agency. Somewhere down the line, it will interfere with the property if not corrected.
How do you get your lien paid when a homeowner sells his house?
The title company handling escrow and the documents should see the lien, which should be recorded, when they do the title search. When the sale goes through, the amount of the lien will be included in the settlement. If there will not be enough money, the debtor should be required to pay the lien and present a paid receipt for it. Possibly you could do a little research if you are aware of the sale of the house and call the title company to be certain that the lien has been found.
What to do when the wrong lien holder is on the vehicle title?
georgia law on timeframe lean holder has to process car title
