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 Posted: Thu Oct 08, 2009 7:20 pm Post subject: release of lein |
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| I have a vehicle that was sold to me and I registered under my name. But, now I found out that the vehicle is still being financed. They ask me to write a letter or what can I do? Does anyone kjnow |
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Iselapd
New member
Joined: 08 Oct 2009
Posts: 1
1.30 Dollars($)
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| Posted: Thu Oct 08, 2009 10:25 pm Post subject: |
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| Provide the finance company with the bill of sale from whom you purhased it from. |
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Trench
Senior member
Joined: 16 Sep 2009
Posts: 911
Location: Kansas City
152.85 Dollars($)
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| Posted: Sun Oct 11, 2009 8:43 pm Post subject: |
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| How much is still owed on the car? The person who sold you the car may be in some legal heat here. The lien holder can still take possession of the car, I would check with an attorney on this one! |
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DeltonaDan
New member
Joined: 11 Oct 2009
Posts: 4
1.55 Dollars($)
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| Posted: Mon Oct 12, 2009 11:49 am Post subject: |
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How did you buy a vehicle with a lein? If you're in a state where the vehicle processor has the title there is still a lein showing on the title. If in a state where the lien holder holds title..How (or why) would you buy a vehicle without getting the title for it?
The fact of the matter is, if there is a legal lein on that vehicle regardless of how much money you gave this person. You do not own the vehicle the lein holder does and can promptly come and pick it up.
What were the circumstances surrounding this sale, and what state are you in?
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"Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr. |
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Lori
Moderator
Joined: 10 Sep 2007
Posts: 8173
Location: Missouri
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