Title Liens — Blog

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Title Liens

Changing NAM to Actual Miles - Is It Possible?

Changing NAM to Actual Miles - Is It Possible?

There comes a time when you deal with cars a lot (especially older cars and trucks) that you are probably going to find a car where the actual mileage isn’t known. Let’s take a look at your options if this happens.

Mechanic's Liens: Their Legal Power and How to Escape Them

Mechanic's Liens: Their Legal Power and How to Escape Them

Unfortunately, the shop has the legal right to keep your car until the charges are paid for. No matter what your reason is for not settling the bill, you might be facing a mechanic’s lien against your vehicle if you don’t pay the mechanic.

Vehicle Surety Bonds 101: How They Work and All the Risks

Vehicle Surety Bonds 101: How They Work and All the Risks

While some surety bonds are based on your credit, a lost title surety bond is based strictly on the value of your vehicle. Most states require your bond value to be 1.5 to 2 times the vehicle’s value as determined by the DMV. You will only be required to pay this if someone else makes a successful claim against your bond.

Bonded Car Titles: What Are They? Is This the Right Option?

Bonded Car Titles: What Are They? Is This the Right Option?

Technically, a bonded title is considered to be a provisional document. Some states allow the bonded title to be challenged up to several years after the issue date, so if there is any chance you don’t own the vehicle outright, you need to know how long that window is in your state.

Selling a Vehicle With a Lien Is Not a Good Idea

Selling a Vehicle With a Lien Is Not a Good Idea

When your car has a lien, the lienholder has all the legal rights to your vehicle’s title. For all intents and purposes, that means the lienholder owns your car. That might be the bank, the IRS, or even a mechanic’s shop.