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To cash a check made out to you and a lien holder, you'll typically need both parties to endorse the check. Visit the lien holder's bank or financial institution with valid identification and the check, and request their endorsement. Once the lien holder signs the check, you can either cash it at their bank or deposit it into your account. Always check with your bank or the lien holder for specific procedures they may require.
What else can I help you with?
Can you get a check from a claim to you directly when the car has a lien holder?
No. If processed correctly the check will be made out to you and the lien holder.No. If processed correctly the check will be made out to you and the lien holder.No. If processed correctly the check will be made out to you and the lien holder.No. If processed correctly the check will be made out to you and the lien holder.
Does auto insurance pay lien on totaled auto?
If an insured car is totalled the insurance company will issue a check made out to the lien holder and the owner jointly, both the lien holder and the owner have to endorse the check to cash it. If the value of the car is more than the lien, the lien gets paid off and the owner gets the remainder. If the value is less than the lien, and therefore, the insurer pays less than the outstanding balance on the loan, the lienholder will be entitled to it. Additionally, the owner will be liable for the balance owing after insurance proceeds are credited.
Who is the check made out to in an accident?
depends......first party claims, either to insured and shop...just the shop......insured and lien holder, or insured only if no lien holder is present..........second party claims....can be to the owner only (generally) if requested.......
Is it illegal to sell a car with a lien on the title?
Yes of course it is. Unless it is the Lien Holder selling the car or if the payment is being made directly to the lien holder.Selling a car with a lien just because you have the title (Liened Tile) in hand is wrong and very unlawful even if the buyer knows it has a lien.Do not give cash to someone selling a car with a lien, that is also illegal if you know they are not the lien holder. If the seller has a problem with you paying the creditor directly they are probably a crook!
If payments have been made to the second mortgage but not to the first Mortgage can the first mortgage holder reclaim any of those payments from the second mortgage holder?
No, the first lien hold cannot claim or collect any monies from the 2nd lien holder. The lien holders sole recourse is with the borrower.
Can a person sell a car and remain a lien holder till all the payments are made?
Yes, a person can sell a car and remain a lien holder until all the payments are made. This is done once in awhile and works well if you don't have to repossess your car.
Can you cash a check made out to cash?
Yes
How is a lien on cattle enforced?
The action that can be taken by the judgment creditor/lien holder would depend upon the laws of the state where the cattle are located. The lien holder can petition the court to order a forced sale of the herd or the portion needed thereof to recover the judgment award or wait until a voluntary sale is made by the debtor.
Is it possible for me to cash a check that is made out to someone else?
No, it is not possible to cash a check that is made out to someone else.
Is it possible for you to cash a check that is made out to someone else?
No, it is not possible to cash a check that is made out to someone else.
Can lien holder repo vehicle if not paid?
Yes. That's the sole cause for repossession, when the payment/s haven't been made.
Is it possible to obtain a check made out to cash that is traceable?
Yes, it is possible to obtain a check made out to cash that is traceable. When a check is made out to cash, it can be traced through the bank records, including the account from which the check was withdrawn and the person who cashed it.
