Title and lien question - Page 2 - Mercedes-Benz Forum

Reply
 
LinkBack Thread Tools Display Modes
post #11 of 13 (permalink) Old 04-30-2010, 03:10 PM Thread Starter
BenzWorld Junior Member
 
Date registered: Apr 2010
Posts: 7
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
(Thread Starter)
Quote:
Originally Posted by OAG View Post
The lien holder is not the owner they just have a lean on YOUR title (Mary Smith's in this case) the OWNER remains Mary. The lien can only be released by the lien holder (MBF in this case). If Mary paid it off (lien released by MBF) and was going to keep the car there would be no reason for her to get a new title from DMV.
I found this on another site though, talking about CA, which sounds like it applies in this case. Or am I still completely off base?
Quote:
Now if you live in a paperless title state (a state with an Electronic Liens and Titles program where titles with liens are not printed, for example California) and if the lender participates in the program, and you have officially paid off your loan, the lender will then electronically release its lien through the state DMV. Then DMV will process the electronic title into a physical paper title and they will mail it to the owner of the vehicle. So in a paperless state it would then be the DMV's responsiblity to get the title to the owner. In some cases if you owe taxes or fees to the DMV for whatever reason, the DMV is likely to hold on to your title until you physically go down to DMV and try to obtain the cleared title.
dandelos is offline  
Sponsored Links
Advertisement
 
post #12 of 13 (permalink) Old 04-30-2010, 03:20 PM
Lifetime Premium Member
 
Musikmann's Avatar
 
Date registered: May 2006
Vehicle: 2001 E320 - Brilliant Silver/Ash: 107,000+
Location: West Virginia, USA
Posts: 17,193
Mentioned: 0 Post(s)
Quoted: 6 Post(s)
Lifetime Premium Member
Quote:
Originally Posted by dandelos View Post
The seller said that DMV Sacramento would be sending her the title, which makes sense, because DMV would have to generate a brand new title with her name on it, correct? The title in MBF's hands would have their name on it, not hers. Unless in your case DMV generated your title and then sent it to MBF first rather than directly to you, which just seems like an extra (and unnecessary) step?
That might have been the way it worked, I don't know, but you made an interesting point.

Mercedes Benz - Das beste oder nichts!
Musikmann is offline  
post #13 of 13 (permalink) Old 05-11-2010, 07:21 PM Thread Starter
BenzWorld Junior Member
 
Date registered: Apr 2010
Posts: 7
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
(Thread Starter)
Well to update everyone, the owner finally received her title (apparently it was a paper title being held out of state), and we completed the transfer over the weekend. The car is just awesome!

Thanks for everyone's inputs!
dandelos is offline  
Sponsored Links
Advertisement
 
Reply

  Mercedes-Benz Forum > General Mercedes-Benz Forums > General Mercedes-Benz

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Mercedes-Benz Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in











  • Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
     
    Thread Tools
    Show Printable Version Show Printable Version
    Email this Page Email this Page
    Display Modes
    Linear Mode Linear Mode



    Similar Threads
    Topic Author Forum Replies Last Post
    Can't think of any appropriate title mlfun Off-Topic 10 10-14-2008 11:20 PM
    Is this your title? coachconverter Unimog 2 07-21-2008 12:20 AM
    Title Help!!!! Heavy Weapons Unimog 6 04-23-2006 04:17 AM
    Still no New Title AndyFracica W163 M-Class 25 01-10-2004 11:34 PM

    Posting Rules  
    You may post new threads
    You may post replies
    You may not post attachments
    You may not edit your posts

    BB code is On
    Smilies are On
    [IMG] code is On
    HTML code is Off
    Trackbacks are On
    Pingbacks are On
    Refbacks are On

     

    Title goes here

    close
    video goes here
    description goes here. Read Full Story
    For the best viewing experience please update your browser to Google Chrome