The world contains billions of assets that
have titles, upon which virtually any legal lien could be placed.
Title Lien :
An authoritative, comprehensive evaluation of a title lien and how it
functions in contemporary society.
What is a
What is a Title Lien?
A title lien is a type of legal remedy that is ordered by a court of law
which is often initiated by a creditor or lender to help insure repayment of
an existing financial liability from a debtor. In this situation, the
debtor has legal ownership of an asset which has a title in the name of the
debtor. The title lien ensures that after this asset is sold, the
creditor/lender must repaid prior to the ownership being transferred to
another individual or business. Many states within the United States of
America have made it unlawful for a asset to be transferred or sold, prior
to the existing title lien being paid to the creditor.
Eletrconic Lien Title:
Electronic Lien and Title
As an increasing
number of states are participating, the Electronic Lien and Title industry
ELT is experiencing exponential growth. Some states have already made it
mandatory through legislation, for lien holders in the public sector to use
Due to a weak economy,
consumers are trying to lower their overall expenses. The recent recessions
have not only downgraded the official S&P U.S. credit rating, a great
majority of the population has experienced negative changes on their
personal credit. As a direct consequence of this phenomenon, the automobile
industry has experienced an unprecedented demand for used vehicles, as they
usually do not require a large down payment or good credit. A great number
of these consumers have actually unknowingly purchased a vehicle that has an
existing financial obligation or lien on
the previous owner's title.
many uses for a title lien:
motor vehicles: cars,
trucks, vans, busses, motorcycles, scooters, recreational vehicles
sail boats, motor boats, house boats, hovercrafts, jet skis, amphibious
travel, business travel, commercial travel, jets, passenger
homes, condos, businesses, mortgage
If a creditor or lender has a title lien on one or more of
your assets, there are many ways to remedy the situation.
A lien release is a popular approach to removing a title lien from an asset.
If a person owes you money, you can obtain a title lien on
This title lien will need to be repaid before this particular asset can be
Look through official government DMV sites
throughout the United States of America and territories