Replace Name Field from the Assignment Of Lien

Aug 6th, 2022
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How to Replace Name Field from the Assignment Of Lien

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hello and welcome to another in our series be a better realtor the video series designed to help realtors do the best job that they can during the course of a transaction whether youre representing a seller or a buyer there are lots of resources out there to help you build your lead pipeline theres lots of resources to help you to figure out how to get a hundred listings or to have a thousand listings and I have links to several of those people and their coaching materials down below but thats not what this is about this is about doing the best thing you can with a variety of situations that come up all the time during a transaction so lets jump in so what happened here was we had a seller and the seller was in escrow and the preliminary title report came out and Im gonna show you what do you do when the when the sellers name appears here with liens or judgments on the prelim what should you do how do we handle it how do we go about fixing it especially when those liens and judgme

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You must complete an Application for Missouri Title and License (Form 108) and submit it, with the incorrect title, for a corrected title to be issued. This transaction may be processed at any Missouri license office or by mail through our central office.
Car liens and titles The lienholders name may also be printed on the car title, as legal reassurance that you cant sell the car until its paid off. When you fully repay your car loan, the lender can legally sign over the title to you or submit paperwork to your states department of motor vehicles (DMV).
The lienholders release, if any, must be docHubd. The buyer should then bring the completed form to a DMV office and we will issue a new registration and title. Make sure you have all signatures on the proper lines to avoid delays.
In Arizona, liens are public records available to the public. They are generally managed through the county recorders office in which they were filed, and they can be viewed in person at their respective county recorders offices or online via third-party sites.
Add or Remove a Name The Title and Registration Application (Form 96-0236). The vehicle title:To remove a name, ALL owners connected by and OR and/or on the title must sign. Signatures must be docHubd. To add a name, the person being added must sign the title and the signature must be docHubd.
Lienholders are required to perfect or release liens electronically using the current ELT process through an approved ELT service provider. This process eliminates the need for printing and mailing individual paper titles. Once the lien has been satisfied, a lienholder sends an electronic message releasing the lien.
Lienholders hold the title until the lien is satisfied. The vehicle owner must hold a valid registration. All title transactions, including new, transfer, duplicate and corrected, that indicate a lien are processed in the usual manner.
What should I do? Contact your lienholder. If they permit an additional owner, they will process the change. A new registration will be created and applicable registration fees will need to be paid.

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