I am buying a car from a private seller. I have a title that says there is a lein on the car because of an auto loan but the seller gave me the paper work saying the loan is paid off. Can I just take all this stuff when I go to register the car or does he have to get a new title first? (I live in PA, but the seller is in NY state).
2007-07-17 12:13:44 · 4 answers · asked by Ann 4 in Cars & Transportation ➔ Buying & Selling
I think they need to remove the lien holder from title in order to provide correct proof of ownership. This is the process that they should go through:
How to Remove a Lienholder from a Title Certificate ( in NY):
How do I get a title certificate that does not list a lien?
When you get a loan for a vehicle, the loan company normally gets a lien against the title certificate. The loan company becomes a lienholder, and the name and the address of the lienholder are listed on the certificate and the DMV records.
To remove a lien, you must pay the loan and get proof from the lienholder that the lien is satisfied. You must send the original title certificate and the proof to the DMV Title Services Bureau, or apply at a DMV office. There are two acceptable proofs that you can provide:
The lienholder can send you form MV-901 (Notice of Recorded Lien). An authorized officer of the lienholder must sign the form and indicate that the lien is satisfied.
The lienholder can prepare a letter. The lienholder must print the letter on the official letterhead of the loan company, and an authorized officer must sign the letter. The letter must identify the vehicle and indicate that the lien is satisfied. If the lienholder is a person and not a loan company, the letter must be notarized.
There is a fee of $20 to remove a lien from a NYS title certificate.
Send your current title certificate, the original proof that the lien was satisfied, and a check or money order for $20 payable to "Commissioner of Motor Vehicles" to the address below. The DMV does not accept a photocopy of the proof that the lien was satisfied. In approximately 60 to 90 days, the DMV sends you in the mail a title certificate that does not list the lien. The title certificate must be mailed to you; a DMV office cannot give you the title certificate.
Lien Release
NYSDMV Title Services
Department of Motor Vehicles
6 Empire State Plaza
Albany, NY 12228-0331
2007-07-17 12:34:22 · answer #1 · answered by irish24 3 · 1⤊ 0⤋
1
2016-09-26 14:54:56 · answer #2 · answered by Mabel 3 · 0⤊ 0⤋
That SHOULD be OK as long as the payoff notice is from the same company whose name is listed as the lienholder AND it has been notarized.
It's usually best for the seller to take the title and the release document to the DMV and apply for a clear title. You can go to the DMV with the seller and they can clear the title and transfer it to you all at once. That would be the safest way to proceed and that's how I would do it, personally.
Since you are crossing state lines with this deal, I'd insist that the seller get a clear title first and then sign it over to you. I'd also suggest that it be notarized even if PA doesn't require that since it's an inter-state transaction.
2007-07-17 13:05:08 · answer #3 · answered by Bostonian In MO 7 · 1⤊ 0⤋
Usually the leinholder has to sign the title that releases the lien..at least in california there is a place on the title for a release of lien...but if you have paperwork....then it's best to call the bank and make sure..especially if it's an out of stae sale..better to spend a couple dollars on a phone call than find out you are driving a stolen car.
2007-07-17 12:23:41 · answer #4 · answered by Anonymous · 0⤊ 0⤋
He has to get a new title first. I crooked lien holder may claim that the loan is not paid and all the title paper work you have says YOU owe the loan.
2007-07-17 12:18:26 · answer #5 · answered by Chris M 3 · 0⤊ 0⤋
Do not buy a car that shows a lein against it.
If the leinholder who is listed on the title doesn't get the payments from you, they can come to PA and repossess their car.
The seller doesn't own the car to sell it to you until he has clear title. Make HIM get a clean title first.
2007-07-17 12:18:07 · answer #6 · answered by Stuart 7 · 0⤊ 0⤋
I would get the seller to get a clear title, just to be safe. The "Lein release" that he has could be a fake. if not & you allready have the car & paperwork , take it to your DMV, even though it's an NY title you can still have it transfered to PA & DMV will be able to tell you if all you documentation is good
2007-07-17 12:35:58 · answer #7 · answered by sasha_mocha 2 · 0⤊ 0⤋
The absolutely free reverse vin check sites generally provide fake information. To get real information, money will have to be paid. The free searches provide fake information so they can get your email address to send spam.
Stay away from shady reverse vin check sites, most likely you won't get any information after you make the payment. Not to mention you won't get a report and you won't get an answer if you try to call for a refund. Stick with a reputable reverse vin check site like http://www.reversevincheck.net that has been around since 1995.
2014-09-25 12:58:57 · answer #8 · answered by Anonymous · 0⤊ 0⤋
If you have a title in hand chances are there are no lien holder it has been paid. everytime I got a title from say ford it would always have fords name on their too as 1st lien holder untill it is signed over to a new person.
2007-07-17 12:19:31 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Check it out do not buy it until you find out who has or did have a lein on the car! other wise you will be buying the debt as well.
2007-07-17 12:17:46 · answer #10 · answered by mustang3261 2 · 0⤊ 0⤋