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The Water Cooler
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I need some legal help..
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<blockquote data-quote="inactive" data-source="post: 1367180" data-attributes="member: 7488"><p>This is only if the lien holder agrees with the transfer (like in cases of assumable mortgages). Even in those cases, I believe the lien is released and then a new lien entered on the property (on the new title or deed). </p><p></p><p>You cannot just sell a car or house with a lien on the title to another party.</p><p></p><p>Also, storage and labor liens can be contested by the mortgager in most states. They generally have right to be notified of the charges, clear up the charges and recover the property before the shop or to yard can just assume ownership of the property.</p></blockquote><p></p>
[QUOTE="inactive, post: 1367180, member: 7488"] This is only if the lien holder agrees with the transfer (like in cases of assumable mortgages). Even in those cases, I believe the lien is released and then a new lien entered on the property (on the new title or deed). You cannot just sell a car or house with a lien on the title to another party. Also, storage and labor liens can be contested by the mortgager in most states. They generally have right to be notified of the charges, clear up the charges and recover the property before the shop or to yard can just assume ownership of the property. [/QUOTE]
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