Sold car with lien-holder (911)

a lien means that you owe someone some money on it. they generally need to get paid before they will release the title. if you can't pay them off, then they won't release the title and you should probably give the buyer the money back and get the car back..

this isn't complicated stuff, but people always seem to get confused by it..

Yep, you owe someone money, and they hold the title to your vehicle as colateral. Not a big deal, normally. Pay them off, and they release their lien on your title.

Where this gets sticky and ugly is when you pay them off, but they refuse to sign off on the lien release.

So, have you paid the lien holder off, do you still owe them?

Did you pay off the lien? if not, give the money back (somehow) and retrieve car. If there is a lien on it, you don't own the car, the lien holder does.

You're setting yourself up to be in some really hot water. You need to either pay the lien holder off ASAP, or buy the car back. If you don't do one of those two options, consider yourself screwed in a really bad way.

No biggie. Contact the bank (lein holder) ask for a Lein Release.

jmellow18 wrote: For some reason i feel that the holder has already compensated for this car, because it is a 98 model and i obtained it in 2006. I guess i am just going to have to call the place where i got it from and make an agreement with them or some type of payment arrangements.

These two sentences confuse me.

First one: Sounds like the car is paid for.

Second one: Call the place and arrange payments?

Call the place and ask for a lein release. If there is a lein on it, they will tell you.

When you signed the Title over to the new owner, somone should have picked up on the lein.

You cannot legally sell something you don't own (the lein holder owns it).

He cannot legally buy something you do not own (the lein holder owns it).

Sounds like your mother is throwing out the Buyer Beware clause, see you in court lady.

let me get this straight..

you owed $3k on the car, sold it for $2.5k and spent the money immediately. you did not have full rights to the car when you sold it.

either a) you spent the $2.5k plus some more to pay off the lein and can just contact them to release it, or b) you spent the $2.5k elsewhere in which case you're in deep kimchee.

trying not to jump to conclusions here but you're coming off as shady and dishonest.

Is the lien holder a bank or a "buy here, pay here lot"?

I believe this is called fraud.

spitfirebill wrote: I believe this is called fraud.

Technically, yes this is. If you refuse to buy the car back and the in lean cannot be released you will likely end up in court. Which is cheaper? Paying of the loan against the car, or buying it back? You will have to do one or the other, or else as spitfirewillie said, you are committing fraud.

If the lein holder is refusing to release the lein and you have met your end of the bargain, he is committing fraud.

Are you the owner? Did you (or the owner) know anything about the lein?

You sound like you're a pretty young guy, and it's good to see you're at least asking questions (lots of kids would probably just take the money and run). But if I'm understanding this situation right, this could land you in legal trouble. Who did you buy the car from? A delaer? Call whomever it was you were making the payments to and come clean with them. They're not just going to drop the rest of the money you owe them because you sold the car. Remember, they fronted the money for you to buy it.

What's done is done. Do the right thing from here and keep yourself from getting into things you don't want to be involved in.

jmellow18 - You need to return whatever you purchased with the $2,500 and satisfy the lien or refund the buyer of the car ASAP. Any delay on your part will most likely result in the police being contact and a civil suit brought against you by the buyer.

Was the car ever paid for in full?
Can you prove it?
Who did you make the payments to, was that YNS?

You and your mother are both shady as hell. The guy you sold it to certainly doesn't seem very bright, however.

Quick question:

The thread title says "Sold car with lein-holder (911)

Are you calling 911 or did you sell a 911 with a lein?

I've got $3k if you've got a 911 with no Title.

Dan

Sorry to say but unless there is a written agreement that the buyer will take over payments (which i believe is not the case here) then youre in deep doodoo.

Im confused. How could you think that you could just sell it and not pay what is still owed?

Thanks man, we got opinions!

You sold a car you don't own to someone who can't title it. Hell, the repo man could show up and snatch the car. Try to work something out with the lien-holder. You can hope for the best, but you done berkeleyed up son. What made you think you could sell a car you never finished paying for? Oh wait, we have an entire generation that just did something similar.

Am I reading this right.. you bought a car from a dealer and were making payments.. but fell behind but the car was NOT repossessed, so you sold it?

If you fell behind in payments when the car was in you possession.. what makes you think the dealer is going believe that you will make payments on a car you no longer have?

So ask or maybe even beg.

sounds like there more to the story but either way I wish you luck, and no matter what happens please learn from this.

BBsGarage wrote: So ask or maybe even beg. sounds like there more to the story but either way I wish you luck, and no matter what happens please learn from this.

^^ This. We've beat this thing to death. You know what you need to do in order to make it right. No go do it, even if it means having your mother wring your neck. It's better than the other options. Best of luck.

This must be a troll, right? Please tell me this is a troll!

Something else to consider - just because there was only $3000 owing on it when you stopped making payments, don't kid yourself into thinking that there's still only $3000 owing on it. Interest, late fees, legal fees, blah blah blah, can all add up to a lot more than $3000. How long ago did you stop paying on the car? Do you still have the original contract? Take a look at it and see what it says you owe if you miss a payment.