Finance Questions

Archive for April, 2010

Question: How do I retrieve a lost lien release notice when the Finance Company is out of business?

7 years ago I paid off my car loan and was mailed a lien release notice. I now want to sell that used car but I can not find my lien release.
I found out the company who financed my car is out of business. The company was Premier Finance out of Chicago.

Answer: Before a lien release becomes relevant, you would first need the vehicle title. If you have the title and the Finance Company is no longer in business, any potential lien claim should have expired with the lender; and if you have physical possession of your title, it should be all you require.

Otherwise, you will have to contact your state's relevant agency and request a duplicate/replacement title. If, for some reason, a record of lien exists against the vehicle by the now-defunct lender, you may need to swear an affidavit that no further lien exists if, after the vehicle agency does whatever due diligence they perform has yielded no obstacles. You may be required to provide banking and payment records to show that payments were indeed made. That's up to your state.

It's possible that Premier Finance sold its business to another entity. In that case, the Illinois Secretary of State or Department of Professional Regulation may be able to guide you to whatever agency assumed their business and you can then start your hunt all over. In the meantime, I'd simply apply for a replacement title and let the outcome guide me rather than embarking upon an adventure that may begin with another 60 days of unreturned calls.

Best of luck. I hope this helps.

Mike Anderson Chevrolet of Chicago 0% Financing

Question: Finance/Business schools in South Carolina?

I'm looking for schools in south carolina that offer finance/ business/ entrenuership/ investment/ real-estate majors and minors. Preferrably private schools, but any help is *very* appreciated.

Answer: Here are a couple of reviews by Business majors at College of Charleston: http://www.unigo.com/explorer/reviews/reviewdirectory.aspx?collegeid=0&keywords=&usertype=0&gender=&major=Business&race=&politicallearning=&extracurriculars=&transferstudent=&status=hid&State=South%20Carolina

Have you checked out Clemson?

Good luck with your search

12. Real Estate Finance and its Vulnerability to Crisis