[ZeroRain]

Alright i might me able to get my hands on a 94 or 95 4.6l cat for about 500. the only prob is that the title has a lien and i dont know how to get it switched into my name or if i even can. how should i go about getting this thing? could i just file for a lost title? that wont got thru right? i need help friends. car isnt in to bad of shape runs and drives nice

 

[91CougarLS]

If the car has a lien on it you will lmost likely have a problem registering it, and may be liable for whatever lien price is left on it if there is one. I would make sure that lien is paid off first and have a copy stating that b4 you buy the car so you don't get stuck with it.

 

[91CougarLS]

look for the lien company and have the owner or yourself get a copy stating that it is paid off (unless it isn't). Then when you get a new title they will take that lien off at motor vehicles.

 

[ZeroRain]

the lady filed bankruptcy she says so it most likely isnt paid for. but the company never picked the car up or anything they just left it with her. so

 

[CrystalPistol]

Lein was probably satisfied years ago and the fact just never recorded with your DMV.

I had lost a title to a Subaru I have had for years, it was paid off long ago, and it wasn't until recently that I needed a title so I went to DMV to get a Duplicate and they showed a lein still on it as I hadn't ever had it cleared. The lady wrote a little info on a slip of paper and I took it to the bank where I do business and which has been changed in name twice with mergers, and the branch manager simply checked to make sure it was satisfied as the records continued back through the two name changes / mergers, and wrote a short paragraph on bank letterhead telling DMV that it was satisfied and I went back to DMV and got a clear duplicate title. I was in the bank maybe 10 minutes total.

It was really simple, but the owner of the car whom incurred the debt will have to get it cleared and get a duplicate title.

Check with your state's DMV.

 

[ZeroRain]

She says that she still owed when she filed. dont think it was satisfied. need to make sure tho. kinda makes me mad because the car wouldnt be a bad dd or even a nice track car

 

[timb]

I wouldn't chase that one....too many problems. Number one selling something you don't legaly own is illegal. You would end up paying her $500 and then the company could still take it from you because it wasn't hers to sell.

She sounds like a piece of work

 

[ZeroRain]

she works with my g/f but i inquired about the car in the first place. because she thought it didnt run. i went over with a jump pack and some tools and it fired up with the pack and nothing else. so you dont even think it would be worth parting or even a track car?

 

[91CougarLS]

Unless im mistaken, basically without a paper showing that the lien is cleared you are buying the car and whatever money she owes on it (may be $0). Im sure some states are different and all but you take a risk buying a car like this and will most likely not be able to register it. If your parting it out thats different, just buy the car part it out and throw out the title. I doubt anything will happen but I assume this is illegal. I wouldn't buy it if I were you unless you call the lien company and see if she owes anything. good luck

 

[GreenBird]

Like others said, make sure the title is clear before you buy it. Otherwise, I say go for it.

 

[yardbird]

Lien

No need to make this a big problem. Get the VIN#, call the DMV, find out who holds the lien, if anyone , call them. Worst that can happen is they will pick up the car if they dont know where it is. Maybe you can get them to release the title for a paultry sum ($50.00?---who knows) If the lienholder ask, tell them it is only a salvage value vehicle because it dosnt run, needs tires (at least 2 are flat), interior a mess, (get the picture?) and you will gladly help them close this thing out and even dispose of the vehicle, for them. Its a Hobby for you In reality, the vehicle probably has no book value thats worth their effort. You may be able to close a real deal. Too bad its not a 57 corvette in someones barn---------------

 

[Trunk Monkey]

:uppoint: What he said! Go for it. I'd guess by now the lien value is negligible. Depending on how long ago she filed for bankrupsy and what she owed on the car at the time. Of course, what the car is worth now has no bearing on how much the lein holder may try to collect. All their concered about would be the $$$ that their entitled to.

Bottom line. Find out who holds the lein, how much it's for and **How much their willing to settle for**.

 

[Blue LS]

Had a similar problem when the Explorer was totalled, the dealer I bought it from sold it to me with lien on it. Though the title showed it as clear. Didnt find out till the insurance adjuster called me and said I couldnt get the cheque since a credit union had a lein on it. All I had to do was go to the credit union and talk to the loans officer, she made a call and had it cleared that same day.

 

[JustinH]

The bank owns that car if she still owes on it.

Its lowball value means they aren't overly concerned with picking it up (odd to me)

I wouldn't go after it.

 

[CrystalPistol]

If you aren't going to chase the lein down, and if she doesn't want to do it, I'ld pass on the car.

She doesn't have the title, the lein holder has it now if she never paid it off. You might investigate and find that the owed amount is low or that possibly, they would clear it for a small "fee" as someone above said.

In my case above, I had recieved the title to my Subaru from the bank and put it away in a safe place and forgot where.

DMV would not give me a duplicate, simply because their records showed the title to be at the lein holders. Hence my trip to the bank.

 

[tbirdtess]

Walk away

Hello

Walk Away!

Unless you get a lien release with the title. It is not clear.

Should Be or actual value does not clear the title.
The DMV will require a release before they will transfer the title.

I would walk away or go with No Cash!

If this is a parts car check with your local scrap yard with what they will require.
Most likely they will require the release as well.

Good luck
Paul

 

[sleepinggt]

don't buy unless you are parting it...and if you do that becareful even that might be illegal

 

[yardbird]

title lien

ZeroRain---
You started this thread because you had an interest in this car. Is it worth anything to you other than just talk? There are a lot of true statements here about the title possession. However, some of us have the opinion that you should, at least, make a few phone calls to determine what and where the title is. I agree you should not do anything without title ownership, because without that you could be violating some law------maybe get you into trouble, maybe not----not worth the risk.

I think a few simple phone calls could give you a good indication how easy it might be. Could be a great deal waiting---for a few calls. If this were a really great car, some issues seem apparent. Number one, they cannot not pick up the car without consequence. A lawyer (I certainly am not) might claim abandonment and storage fees by the lady who owned it and be able to reclaim title. A "Mechanics Lien" of sorts could be claimed by the lady who lost the title. I have no doubt that the lienholder cannot just let their car sit on someone else's property for free, even though they repossesed it from her. That would be too much to go through (in my opinion) for this car. The point is you probably spend more time on the phone talking to friends/parents/electronics stores/etc, and most certainly spend more time on these damn computers reading posts that it would take you to determine if this car thing could work.

Now get on the phone or carfax with the VIN#, get off the damn computer and put this issue to rest

BTW----LOL

 

[ZeroRain]

lol thats yardbird. i have been looking at the car for months now. i mean the int is nice the body is alittle rought but nothing some tlc couldnt fix. i think i will get ahold of the lady and see what im getting myself into. thanks friends. ill let you know how it turns out

 

[yardbird]

Dmv

I wouldnt waste my time talking to the lady until the very last thing. If a lien was filed, and the car was reposessed (on paper anyway) the lady has no part in this car, except to maybe fill in a few blanks of information-----if she is a "little ole lady", she, more than likely, dosnt understand what actually happened. Get the VIN# first and check with the state or county DMV------that can no doubt be done on-line. Maybe carfax can shed some light. Usually someone on this board posts a link or has an open account that is willing to run the VIN for you. Again, dont waste your time with her until you have looked at the DMV and/or lienholder. She cant give you "permission" to do anything, nor can she "deny" you anything, except maybe to come onto her property to look at it----its out of her hands---entirely. With a lawyer, she could probably get back into the fight, but that would cost more than the car is worth. I'm sure the car is "abandoned", all you have to do is find if a procedure is available to clear title.

Sure would be great if a member in your state or county, that is familiar with these matters could help you with the "legwork" (telephone legwork at that).
Again, LOL