How to Secure a Huntington Bank Lien Release
on your vehicle or property whenever you take a loan from them. This makes the bank a temporary owner of your asset until you fulfill the loan terms, including clearing the loan plus interest in full.
If you fail to service a Huntington loan for any reason, the bank permanently seizes your asset and can do as it pleases with it to reclaim part of its investment. Such a scenario may be scary as you're never sure when or if you'll get your asset back, even after clearing the loan. Not to worry. DoNotPay can help you protect any asset you place as collateral for a loan from seizure by Huntington Bank. Read on to find out how the DoNotPay product helps you do this.
What Is a Huntington Bank Lien Release?
is a document placed on your property as collateral for a loan that gives the bank control over your property until you clear the loan in question. It is kept in the public domain so that you can't sell or refinance your asset, and anyone searching for the lien can easily find it.
Once the debt clears, you need an official form to remove the lien from your asset. This document reinstates full ownership of the asset to you (the debtor), and it's filled on the public records for everyone to find.
That said, bank lien releases vary from state to state, depending on the state laws. These are the expected lien releases you'll come across in America:
- Full release: This is a full release of the lien once you pay the amount you owe in total.
- Partial release: Your lien is released in installments as you make partial loan payments until it's cleared in full.
- Conditional release: A conditional lien release states that a lien can only be resolved once payment clears. If not, the loan is automatically reinstated.
- Unconditional release: This release fully absolves a lien without any option to reinstate it.
Where Can I Find Lien Information?
Before purchasing an asset, you should get enough lien information to make an informed choice. There are different avenues for lien information, depending on the asset in question. These include:
1. Property Lien
You can search for a property's lien by address as it is in the public domain. Just visit your state's county clerk or assessor's online office to search for an address for free. You may have to pay a small fee to get a comprehensive lien report. Alternatively, you can use the PropertyShark online portal or hire a title company to search for you.
2. Car Lien
If you'd like to purchase a vehicle from a private seller, you can search for the car's lien via your state transportation agency. You only need the vehicle's license plate or VIN. Or, you can check the car's title, as the car's lienholder is always there, and search for the vehicle's history report.
Does My Huntington Bank Lien Hurt My Credit Score?
A Huntington bank lien is a statutory or conditional lien that impacts your overall credit score. If you fail to service a Huntington bank loan plus its interest in total, it hurts your credit score. This lowers your chances of obtaining a loan in the future from the bank or any other lending institution in New York or America as a whole.
How to Request a Lien Release Form From Huntington Bank?
Once you've paid off your loan in full to the bank, you can request a lien release form online to begin the lien release process. Make sure to download the appropriate form based on the loan financing. Include your name, property type, phone number, date, and total amount paid. If it's a lien on your property, you can download the title services order form to begin the lien removal process.
On the other hand, if it's an auto loan, you should send a check for the full payment with your details to their official address. Wait for notification of lien release from the company.
|Huntington Bank Contact Details:|
|Phone Number:||(855) 463-0917|
|In-person Payment Address:||The Huntington National Bank 5555 Cleveland Ave ATTN: Payoff GW1N10 Columbus, OH 43231|
How Long Does It Take to Get a Lien Release From Huntington Bank?
Huntington Bank issues lien releases case by case. If records show that you've cleared your debt in full, it may take ten business days for the bank to give a lien release form.
Remove a Lien With DoNotPay
DoNotPay can help you find relevant information on your lien. We will send a letter to the bank that placed a lien on your asset demanding renegotiation of new terms that favor you. DoNotPay will also fill out and send a Huntington National Bank lien release form to the bank for a lien to be expunged from your record based on the newly agreed terms.
Here's the process of getting started:
- Search for remove my lien on DoNotPay.
- Start our Remove My Lien product.
- Answer some questions about your specific lien and let us help you craft a letter to your creditor to resolve the issue.
What Else Can DoNotPay Do?
This is not the only problem DoNotPay can help you solve in America. We can also help with:
- Suing anyone in a small claims court
- Jump the queue in any company's phone line
- Liability release
- Property tax reduction
- Help with bills
- Credit limit increase
- Closing bank accounts
- Credit report cleaning
Don't struggle with a Huntington Bank Lien release. Instead, let DoNotPay send a letter to renegotiate better terms of your loan deal. DoNotPay will fill out your Huntington release form to get your lien removed immediately.