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If the owner paid it off,he should have received the title with a sig. releasing interest.
That's what I've been told and believe it is true. However the previous owner doesn't seem like the most responsible/organized person, and they don't know if they received a letter or if they have it. I'm thinking going to the County Clerk's office first, I think they should have a record of the lien.
If the original owner (person who's name is on the title) is a family friend, why don't you call them and ask them? I'm sure that person could help you clear everything up.
Not true in every state. For many years Wisconsin issued titles for vehicles with liens, indicating the name and address of the lienholder on the title. They've since stopped doing that, to save money. So it's plausible that title was issued while a lien existed.
Maryland still does this. I have a title for my Harley, Silverado, and my wife's Cadillac. All of which are still being paid on.
In MD, once the loan is satisfied, they re-issue the title with only the owner's name on it.
Maryland still does this. I have a title for my Harley, Silverado, and my wife's Cadillac. All of which are still being paid on.
In MD, once the loan is satisfied, they re-issue the title with only the owner's name on it.
I am in maryland and we have 4 with liens on them(my deluxe, his roadking, my yaris, his jeep wrangler and 4 titles.) We did just refi the Jeep so I assume we will get a new one.
My suggestion is to contact the bank which purchased the original bank and asked them to sign off on the lien. A simple google search should provide you with the chain of ownership for the banks. I have worked in banking for many years and this is a very common occurrence.
I just went through this on an RV I owned. The State of Florida keeps titles until lien is paid and then the title is sent to the owner marked lien satisfied. I could not locate the title so I went to DMV to get and it still showed a lien. The original loan was sold like 3 times and the lienholder on the title was no longer in business. I had to dig through all my records to find out who I made the final payoff to and contact them to get a letter that the lien was purchased from the original lienholder and is now satisfied. I was then able to get the title.
I was also told that if the lienholder was no longer in business to mail a letter to the last know address of the bank and if it is returned by the post office to not open it and bring it to the DMV and they will clear the title.
Find a friend in New Hampshire, once a bike is a certain age, no title is required. It needs to have the VIN verified by the PoPo, or a Licensed Inspection Station.
I just washed a 77 CB750 for a buddy in MA, got a friend to sign off on the inspection, went to town hall, had plates for it and sold the bike to my buddy in less than 45 minutes. The bike was abandoned at a sober house, sober house had a bike shop take it, bike shop gave it to my friend for parts, turned out to bee to nice to chop up, made it into a cafe racer, took 3 trophies at the shows this winter... all before I flipped it for him...
Just have to realize that NH will recognize any lien on the bike should it be asserted,
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Sorry can't help. I know sometimes it can be a pain in the **** getting it right.
I remember one time I bought a bike, the girl at the BMV asked me if it had a Lien on it..
I told her on the Kickstand.. She broke out laughing, then said, thanks, I needed that because so many others complain alot.
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