You are ready to
sell your home or trade in your vehicle but you've been told you have to
obtain a "Release of Lien" first. Normally, you would go back to the
bank or Savings and Loan and ask them to prepare a release for you.
But, where do you go if the bank or Savings and Loan has failed?
The FDIC may be able to provide you with a Release of Lien
on your home, vehicle, boat or other personal property if:
-
The lienholder is a Bank or Savings and Loan Institution
that failed and has been placed in FDIC receivership. Also, in some
cases, if the lienholder is a Subsidiary of a Failed Bank or Savings and
Loan. If you're not sure, please call the DRR Customer Service Center
toll-free at 888-206-4662.
-
The loan was paid off before the Institution failed.
-
The loan was paid off to the FDIC after the Institution
failed.
A request for a Release of Lien must be made in
writing and must detail exactly what you want.
-
You can mail your request to: FDIC, 1601 Bryan Street,
Dallas TX 75201 Attention: DRR Customer Service Center/Bryan or
e-mail your request to: cservicefdicdal@fdic.gov
OR it can be faxed to 703-812-1082.
-
Customer Service Lien Release
Request Inquiry.
If you have
already requested a lien release and would like to know its current
status.
Due to the large volume of incoming release requests we
receive, we ask that you either fax your request OR mail it
in.
The fee for a lien release is $50.00. The FDIC accepts
payment either by check or you may pay online using
www.pay.gov Developed by the U.S.
Department of the Treasury, Pay.gov enables individuals and businesses
to securely and easily send electronic payments to the Federal
Government. Pay.gov's service allows you to pay by debit/credit card or
to authorize an ACH debit of your savings or checking account.
Frequently Asked
Questions
Specific
Instructions by Property Type:
-
Release of Lien on Real
Estate Homes, Buildings, Improved or Unimproved Land, Mechanic's
Liens
-
Assignment of a Real Estate
Lien When an Assignment is needed to complete a chain of
title
-
Release of Lien on a
Vehicle Cars, Trucks, Trailers, RV's
-
Release of Lien on a
Boat Also Outboard Motors, Personal Watercraft
-
Release of Lien on a Mobile
Home Single wide, Double wide, etc.
-
Release of Lien on
Aircraft Also Aircraft Engines, Propellers, etc.
-
Release of Lien on a
UCC Business Equipment, Business Property, etc.
-
Release of an Assignment of a Life
Insurance Policy
Failed
Financial Institution Information
These pages contain useful information for the customers and vendors of
institutions for which the FDIC has been appointed as receiver. This
includes information on the acquiring institution (if applicable), how your
accounts and loans are affected, and how vendors can file claims against the
receivership. |