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I am going through this now and boy was it a learning experience... here we go...
First track down the Lien holder or bank.. usually it on the back of the title. I did a lot of googling of the address in order to figure out who it was. The bank name wasnt listed just the initials HRSI. I later found it means hsbc retail servies inc. after hours of googling. If the bank is
still in business great.... if its not i will get into that later...
call the main customer service number and ask for the fax number and address of the title
division. Type up a letter requesting a lien release letter. must be dated have make year model and vin of the vehicle and sign it.. fax them the letter with a copy front and back of the title also a bill of sale if your not the person that originally bought and financed it.
it takes about 12 to 30 days.
If the bank is out of business check the FDIC web site.. They have info on what to do. you may need a lawyer to help you get a release from a bank that is no longer in business
What else can I help you with?
Can you get a lien removed from your car title when someone forged your name on the title?
File a forgery complaint with the police. reapply for a title , then get a lawyer to have the lien removed.
How do we get the title to our motorcycle if we settled for less than what we owed?
They should release the lien, get on them.
How risky is it to buy a motorcycle with lien from a parking garage for non payment?
You will not be able to get the title in your name or get it registered. Tell the seller he needs to satisfy the lien before you will buy the motorcycle.
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.
How can I legally sell a motorcycle with a lien on it?
To legally sell a motorcycle with a lien on it, you will need to pay off the lien first. Once the lien is cleared, you can transfer the title to the new owner. It is important to follow the proper procedures to ensure a smooth and legal sale.
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.
What is a motorcycle lien and how does it affect the ownership of a motorcycle?
A motorcycle lien is a legal claim that a lender has on a motorcycle if the owner has not fully paid off a loan used to purchase the motorcycle. This affects ownership because the lender has the right to repossess the motorcycle if the owner fails to make payments on the loan. Once the loan is fully paid off, the lien is removed and the owner has full ownership of the motorcycle.
Can you add a person to a car title if there is a lien?
no the lien has to be removed first then you can add another person to the title.sorry.
How do you find out who has a lien on your motorcycle?
how do you find out who has a lien on a motorcycle
You are selling a motorcycle and need to put a lien on the title until it is paid off How do you go about this?
When you sell it, you have to fill out info on the title. There should be a place on the title if you want to include a lien - check and see. Then, take the title to the division of motor vehicles.
If the lien holder was supposed to repossess a motorcycle but never did can you sell it and how do you obtain a title?
No. A vehicle cannot be sold without a clear title and the only way to obtain such a document is through the lien holder.
What if I never received the title to my motorcycle because I filed bankruptcy and didn't pay the motorcyle off but the lien holder didn't come get the motorcycle.?
The motocycle is not yours. You must write to the lien holder and ask them if they have any ojection to you disposing of it.
