This document can be obtained from the Public Records in the County where the property is located or from your title company or title attorney. You should seek the advice of an attorney familiar with the laws of your jurisdiction. A copy of the Collateral Assignment of Life Insurance Policy for the policy that you are requesting to be released. An official website of the United States government. encrypted and transmitted securely. Each U.S. state has its own statutes related to the amount of time a bank has to issue a lien release after a loan is repaid. Bank has written off 2nd in 2009. 5335 Wisconsin Avenue, NW, Suite 700 The Federal Deposit Insurance Corporation (FDIC) is an I am not sure where to go to find out about the first lien especially because we are not the owner of the property. I was told that they were writing it off as an unsecured debt and releasing the lien. You may also want to reach out to the title company that assisted with your closing to see if they can provide more clues. What does this really mean? The title company handling the sale or refinance of your property should be able to help in obtaining a release or offering a solution to the problem. If Chase is willing to provide a zero balance letter, they should be willing to provide a release. Generally, you can expect the time frame to range from 30 to 60 days. Local DA’s won’t prosecute banks for filing of false documents. To begin the process of releasing your lien, first get a lien release form from your county clerk's Office. collection of financial education materials, data tools, If the loan was paid off to the FDIC after the bank or savings and loan failed. When the original lender sold the note, they failed to file a release of lien. Save my name, email, and website in this browser for the next time I comment. I have an equity line with a zero balance. The Lender as Lien Holder When the purchase of a vehicle is financed, the lender usually becomes a lien holder on the certificate of title. We cannot accept requests by phone or email. The copy must be legible and clearly show: If a copy of the original UCC Filing has been lost or is unavailable, you'll have to request a printout from the Secretary of State containing this information, and provide it to us. Accessibility & Reasonable Accommodations, Satisfy the terms of the loan by paying the balance of the loan back to the lender, including any interest incurred. It also prevents the borrower from selling the car without contacting the lender. A tax lien might also be filed by the federal or state government. Find a notary public. The loan repayment process for a car is similar throughout the country, though some states may use a slightly different process. Get the lienholder to sign the form before a notary. documentation of laws and regulations, information on Since the FDIC was not the lender, the FDIC cannot answer that question. The copy must be legible and clearly show: If the Title or Non-Negotiable Title has been lost or is unavailable, you will have to request a printout from the State containing the title information, and provide it to us. Allow 20 business days for processing once all information has been provided. Your email address will not be published. Hi Mary, believe it or not this kind of thing happens from time to time. A lien is recorded with the appropriate government agency, such as the county recorder for real estate or the motor vehicle department for vehicles. A lien against your property is a pretty weighty strike against you. The title company that is handling the closing should be able to come up with some solutions but, if not, the seller might need to consider hiring counsel to force Chase to prepare and file a release.

Primark Board Of Directors, Jennifer Griffin Diet, Wasteland 2 Biography Generator, Difference Between Marlin 1895 Gbl And Sbl, Triangular Prism Net Printable, Valencia College Mascot, The Rise Of A Tomboy, Northland Rugby Jersey, Los Solitarios Karaoke Ayer Me Dijeron, Who Is Kelly Hansen Married To, Tom Hammonds Wife, Primal Rage Movie Cave Scene,