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If you buy a car with a lien on it will the lien come off?
NO! BANK LIEN-PAY IT OFF. MECHANICS LIEN-PAY IT OFF. autolienservice.com
Who has a lien on your car?
If you took out a loan from the bank to buy your car, they have a lien on it. For all intents and purposes, they own the car until you have it paid off.
You won a car and the lien was never paid off by the company can the bank repo it?
Unfortunately, it doesn't seem as though you really won a car. The lien just means that the bank has interest in the vehicle until the note is paid. Yes, they can repo the car if the not isn't paid.
What does is mean to have a lien on ones property and tenets?
A lien is a security interest in the property. A lien might arise from a loan. If you buy a car with the bank's money the bank will put a lien on the car. If you don't pay the bank back, it can foreclose on its lien and take the car from you. If you have a roofer add a new roof to your house, and you don't pay him, the laws allow the roofer to put a lien on your house. The roofer now has a stake in the house. If you don't pay off the lien your house can be forcibly put up for sale in order to satisfy the lien. I believe "property and tenets" translates into modern speak as "property and belongings".
Is there a lien against a car that I am going to buy?
If you are buying a car on payments then there will be a lien on the car. the company will release the lien once the car is paid off.
How do you find out if their is a lien against your vehicle?
Contact your DMV. They have record of this. If you took out a loan on the car when you bought it, the dealer or the bank documented that they were the lien holder. When you finally pay off your car, the bank will mail you the title. If you have the title, but still think you owe money on the car, contact DMV and find out if it's documented.
How do you cancel a bank lien?
pay off the loan
How can I obtain a lien release from a bank?
To obtain a lien release from a bank, you typically need to pay off the loan or debt that the lien is attached to. Once the debt is cleared, the bank will issue a lien release document confirming that the lien has been lifted. You can request this document directly from the bank or financial institution that placed the lien.
What is the limitation on a car with a lien on it before you can get the title?
If the car has a lien, you usually have to pay off the lien before you can get a clear title. Otherwise, in this state you have the name of the lien holder on the title.
Can you buy a car if lien on car?
Yes but make sure YOU pay the lien off and don't just pay the seller and hope they will pay it off.
Will the bank repossess a car with IRS tax liens on it?
The IRS to my knowlege will not/and is not able to put a lien against property that is not outright owned by the person. If the bank holds the title, it is not the person's property yet and is not subject to an IRS Lien. If the vehicle gets paid off, then at that time the IRS can put a lien against it The IRS tax lien attaches to all property, real and personal. However, the IRS has a number of things working against them: 1. The title to the car is being held by the bank. 2. The bank's security interest is perfected (they are listed as a lien holder on the title). Because of this, the bank is going to have priority on the vehicle even if the IRS filed a Federal Tax Lien before the bank gave the loan.
Can I get the lien off of a vehicle that is no good and put it on another vehicle that is in my name?
If I have a car in my name with a lien on it and the car Is only god for scrap metal can I put the loan lien on my wifes car if she transfers the car to me.
