Unlocking Your Car Title: How to Get a Lien Release Fast
Download MP3Episode Highlights:
- Why is there still a lien on your title?
- You may have paid off your car loan, but the bank might not have filed a lien release.
- Banks often avoid filing the release due to labor and filing fees.
- Even for charge-offs or write-offs, banks typically don’t spend money filing a release.
- What happens when you request a lien release?
- Simply calling the lender won’t work—phone agents lack the authority.
- Releasing a lien requires specific forms and manual processing.
- No bank employee is eager to find the right forms, fill them out, and mail them.
- How to properly request a lien release:
- Step 1: Get the lien release form for your state.
- Step 2: Prepare additional documents, such as a letter of non-interest and an affidavit of fact.
- Step 3: Mail all documents to the lienholder (not email).
- Step 4: Include a pre-addressed return envelope with a stamp to make it easier for them.
- Increase your chances of success:
- Sending the request by mail improves your chances to nearly 100% if the loan is paid off.
- Even for charge-offs, there’s an 80-85% success rate.
- If the bank doesn’t respond, you can use your written request as leverage to get the court clerk or magistrate to sign a release.
- Pro Tip:
- Send copies of your request to multiple locations (main office, branch, etc.) to improve your chances of getting a response.
Additional Resources:
- Visit actualhum.com or describe.tv for more details, checklists, and downloadable forms.
- Live one-on-one consultations available for title issues, real estate records, business development, and more.
Got questions? Drop them in the comments or check out our expert consultation services. Thanks for listening!
