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How to get a lien lifted from a used car Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by offering interactive financial calculators and tools, publishing original and objective content. We also allow you to conduct research and compare data for free and help you make sound financial decisions. Bankrate has partnerships with issuers such as, but not limited to American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Make Money The deals that are displayed on this website are provided by companies who pay us. This compensation may impact how and where products appear on this site, including for instance, the order in which they may appear in the listing categories and other categories, unless prohibited by law for our mortgage, home equity and other home loan products. But this compensation does have no impact on the information we publish, or the reviews you read on this site. We do not cover the vast array of companies or financial deals that could be accessible to you.



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3 minutes read. Published 19 January 2023
Authored by Rebecca Betterton Written by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She has a specialization in helping readers to navigate the ins and outs of securely using loans to buy the car they want.







The edit was done by Rhys Subitch Edited by Auto loans editor

Rhys has been writing and editing for Bankrate since late 2021. They are dedicated to helping readers gain confidence to control their finances through providing precise, well-studied information that breaks down otherwise complex subjects into digestible pieces.









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An lien can be described as, at its most basic it is an insurance policy a lender uses to protect itself if a borrower defaults on a loaned vehicle. A lien is the lender's legal claim to the vehicle, and is in effect until the loan is paid in full. If you recently on the title, follow these steps to place yourself in a better financial situation. What exactly is a car lien? While the thought of a lien on your car may feel daunting however, it's not unusual. Vehicles that are funded by the help of a loan are typically put under a lien until the loan is paid in full. This "insurance policy" implemented by the lender, gives it the legal right to retain title to the vehicle until balance of the loan is paid off. A lot of drivers don't know how a lien operates until they are attempting to understand it and realize that they are not in a position to. If a lien is in place on a vehicle it is possible for creditors or lenders to take over the loan hasn't been paid off or falls into default. Additionally, it affects the potential to sell a vehicle, a lien also influences the price of . What can you tell if a car is under a lien When buying a used car, it's always best to ask the seller to provide you with a confirmation letter from the lender which states that it has released the lien released. If the seller provides you with a title, make sure you check with the local Department of Motor Vehicles first to ensure there is no lien. In some cases, you may be able to access the DMV website to search online for a lien by using the 17-digit (VIN). This number may be found in a variety of places, like the lower left of the car's windshield. In many cases when you are issued a title to the vehicle that you are selling it is likely that the lien has been paid in full -- it just hasn't been released properly. This could be due to an error by the bank or get hidden in the confusion of a merger . Look out for it when you work with the buyer. Where can you find information about lien Lien information is available in several ways including: Department of Motor Vehicles Utilizing the vehicle's identification number, you can determine the lien status of your vehicle through the Department of Motor Vehicles. In many places you can do a lien search online by using the DMV website. It is also possible to contact or visit your nearest DMV to inquire about the information about your lien. Reports on the history of your vehicle: Numerous websites on the internet offer history reports for a fee. They include VIN Smart and AutoCheck, offer full reports on the history of your vehicle along with details about the lien. How to remove a lien from the title of a car the used car you want to purchase shouldn't come with any strings that are attached, particularly not an obligation to pay. While it might require some work and perhaps a couple of weeks, you'll be able to resolve your issue at little or no cost. Contact the seller When purchasing a used car through a dealer, be sure to inquire with the salesperson whether there's a lien on the vehicle. In these situations the dealer typically takes care of clearing up the lien. If you're financing the purchase with an loan the lender will become the . If so, you should request to provide evidence that the loan was paid in full by means of the canceled check or a full-payment letter. It is the seller's responsibility to repay the loan so that they can transfer the title to the vehicle. You can include that requirement in your purchase agreement. It's also a good idea to contact the lender directly and verify the status of the lien. It's even possible to do this prior to completing the purchase. You can inquire about the total amount due to release the vehicle as well as other stipulations that might affect the sale. Request a lien removal If the lender is a bank that failed (or is a subsidiary of one) Contact The Federal Deposit Insurance Corp. directly to request a release notice. The FDIC will assist you in obtaining an order for a lien when you have confirmed that the bank that failed was placed into FDIC receivership. The FDIC has a search function which allows users to search the database of such banks. The FDIC also maintains separate lists of banks that have failed, which includes details about what happened to the banks that were acquired by a financial institution. When you have all the paperwork you require, you are able to file it with the DMV and . The bottom line is simply it's difficult to take pleasure in your new car when there's a lien on it. Make sure the previous owner is able to pay off any debts owed to ensure that the vehicle is completely yours and it's not the banks.


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Authored by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She is a specialist in helping readers with the ins and outs of securely using loans to buy an automobile.



Editor: Rhys Subitch Edited by Auto loans editor

Rhys has been writing and editing for Bankrate since late 2021. They are committed to helping readers gain confidence to control their finances by providing concise, well-researched and well-researched content that breaks down complicated subjects into bite-sized pieces.






Auto loans editor




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