Dennis in Lodi
Member
Lien Holder?
In Wisconsin, if there is a lein holder listed on the title, the title is held by the state until the lein holder submits paperwork that satisfies the loan. Of course you get all your DMV paperwork and a plate ASAP. The reason WI did this is becuase consumers were taking their titles to lending institutions that make loans against that title. What a mess with two lein holders on the same title. It's nearly impossible to sell or buy a vehicle that has two defaulted loans.
In Wisconsin, if there is a lein holder listed on the title, the title is held by the state until the lein holder submits paperwork that satisfies the loan. Of course you get all your DMV paperwork and a plate ASAP. The reason WI did this is becuase consumers were taking their titles to lending institutions that make loans against that title. What a mess with two lein holders on the same title. It's nearly impossible to sell or buy a vehicle that has two defaulted loans.
I bought my spyder rt a few weeks ago and still cant ride it. the dealer has not sent me the title and I want to take this back. I am upset . I got a great deal but I feel cheated ....I signed all the paper work and got the insurance but no title so I can register it or pay the taxes due here in nj. Did I say I am upset...