Do You Need a Letter of Non-Interest for a Lien Release?

The Expert Podcast

Introduction

• When preparing a lien release request package, it's essential to include a "letter of non-interest."

What is a Letter of Non-Interest?

• A letter of non-interest is an alternate document used when a lien holder cannot sign a lien release.
• It indicates that the lien holder no longer has any interest in the vehicle.

Why Use a Letter of Non-Interest?

• Sometimes lien holders cannot sign a lien release if the lien is old, charged off, or written off, and not visible in their system.
• A letter of non-interest helps bypass this issue by stating the lien holder's disinterest in the vehicle, even if it’s been sold or purged from their system.

Benefits of a Letter of Non-Interest

• It simplifies the process as the lien holder can easily verify their lack of interest in the vehicle.
• Increases the likelihood of receiving the necessary documentation to clear the title.

Additional Tips

• Include a return envelope with the letter of non-interest to avoid delays or the document being discarded due to lack of postage.
• Ensure all details are followed to avoid issues with obtaining a clean title.

Further Assistance

• For personalized advice, visit ActualHuman.com for live, one-on-one consultations with experts in this field.

Conclusion

• Check out other videos on our channel for more information on related topics to help resolve your issues.