Lost vehicle title lien mitigation

If you have a lost car title and need to perform lien mitigation, the process involves dealing with an open loan on the vehicle. Lien mitigation means settling an existing loan balance with the lender, typically for a non-performing loan where payments have been missed. If you bought a car with an unpaid loan, the lender will likely want the loan settled before releasing the title. They may agree to a reduced settlement if you are not related to the borrower and the transaction is at arm's length. Contacting the lender to negotiate this settlement can help you clear the lien and obtain the title. For more details, visit www.cartitles.com.