Vehicles left or abandoned on certain property may be eligible for title processing via a mechanic’s lien process. If you are a property owner or licensed automotive facility with an unclaimed vehicle on your premised a certain process may allow for titling of the vehicle to your entity or to a designated bidder.
Our service can provide some of the steps required to complete this mechanic’s lien vehicle title process. In most states and jurisdictions, at least 4 steps are involved.
Our mechanics lien automated assistance process can provide the following support for your mechanics lien vehicle transfer:
MECHANICS LIEN PROCESS – $229
There are several other steps that you as the client will need to complete. If bidding is required, you will need to receive those bids and calculate the highest bid. In most cases, you can also be the buyer/owner of the vehicle. You may also need to have a VIN inspection.
Professional document preparation. Documents and checklist prepared for your signature and sent out via Priority Mail with tracking within 48 hours.
How much does the process cost?
You will likely need to pay a title application fee to your state, which usually ranges from $25 – $50. If the buyer is a retail consumer, the buyer may have to pay sales tax on the purchase.
What if there is a bank lien on the vehicle?
The lender of record will receive a notice of title transfer, and will be given the opportunity to pay the outstanding repair bill or storage fees. They may also elect to disregard the transfer. In most cases, a mechanics lien is superior to a bank lien.
What else do I have to do for the process?
Each state and county has various requirements. Be sure to verify that your scenario meets the requirements of the mechanics lien process, such as licensing, property ownership, posted rates, and limitations of time to take action. Our role is to prepare the steps above to assist in a process which your are primarily responsible for determining and completing.
Professional document preparation. Documents and checklist prepared for your signature and sent out via Priority Mail within 48 hours.
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Are you a 501(c)(3) non-profit organization looking for title assistance with donated vehicles? Learn more about how CarTitles can help prepare your transfer paperwork for no cost. Contact [email protected] for more information.