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Received Lien Release Letter


Received Lien Release Letter

Had a vehicle repoed about a month ago and today I recieved an email saying Ally Financial (creditor) had released the lien and I could now go to the DMV to get a clear title. 


Anyone know what this means? Have they sold the vehicle? Are they releasing it and planning to just sue me?

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Valued Contributor

Re: Received Lien Release Letter

Likely not. Even if you have the title, the contract installment sales agreement overrides the title status. Has the vehicle already been sold at auction? You can find that information from Carfax.

August 28, 2023 FICO 8

August 28, 2023 FICO BankCard 8

August 28, 2023 FICO Auto 8

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