Good evening Scotty,
I am thinking of heading to an auction soon to car shop a bit and I came across a 2003 Toyota Corolla (EXEMPT miles for some reason...) with a title that's listed simply as LIEN. Does that mean that if I were to buy the car at auction, would I owe more to someone else? Would I be paying for someone else's debt on this car? How would I go about getting the title cleared of a Lien status? Thank you.
Does that mean that if I were to buy the car at auction, would I owe more to someone else?
If there is a lien on the title, yes.
How would I go about getting the title cleared of a Lien status?
By paying off the lien holder.
Ok, thank for answering my question!
Disclaimer: THIS IS NOT LEGAL ADVICE IN AN FORM OR OF KIND ANY KIND!
Probably be best and wiser for you to ask an attorney this question. The answer can vary from one state to another.
Regardless.. No vehicle can be legally sold without a lienholder's (lender's) permission. A repossession vehicle could possibly have this type title.
IMHO, unless you are auction savvy, stay away & look elsewhere.
Need admin to clean grammar in my disclaimer, tks. :beg: