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 lien holder is a Bank or Savings and Loan Institution
that failed and has been placed in FDIC receivership. Also, in some
cases, if the lien holder is a Subsidiary of a Failed Bank or Savings
and Loan. If you're not sure, please call the appropriate DRR
Customer Service Center toll-free.
-
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.
Mail, email or fax your request
to the appropriate DRR Customer Service Center with
the recorded document to be released or to be assigned showing the closed
institution as the lien holder.
Also,
a proof of payoff
must
be provided to expedite the completion of your request and avoid researching
the
records of the closed institution which will delay the completion of
your request.
Please allow 14 business days for the completion of your request.
Please include your e-mail address and telephone number for us to
communicate with you in case we need more information to complete your
request.
| DRR Customer Service Center |
Date of Failure
(Refer to the Failed
Bank List for the Closing Date) |
Before
July 11, 2008 |
On or after
July 11, 2008
and before
Nov. 1, 2009 |
On or after
Nov. 1, 2009 |
FDIC
7777 Baymeadows Way, West
Jacksonville, FL 32256
Attention: DRR Customer Service Center
Hours: 8 AM - 6PM Weekdays
Call: 1-877-834-8562 toll-free
FAX: 1-703-812-1099
Email: customerserviceFDICjax@fdic.gov |
Not applicable |
Not applicable |
AL, FL, GA, MS, NC, SC, TN, and US Territories: PR, VI |
FDIC
1601 Bryan Street
Dallas, TX 75201
Attention: DRR Customer Service Center
Hours: 8 AM - 6PM Weekdays
Call: 1-888-206-4662 toll-free
FAX: 1-703-812-1082
Email: cserviceFDICDal@fdic.gov |
All States and
US Territories |
AL, AR, CT, DE, FL, GA, IA, IN, KS, KY, LA, MA, MD, ME, MO, MS, NC, ND, NE, NH, NJ, NY, OH, OK, PA, SC, SD, TN, TX, VA, VT, WI, WV and US Territories: PR, VI |
AR, CT, DE, IA, IN, KS, KY, LA, MA, MD, ME, MO, ND, NE, NH, NJ, NY, OH, OK, PA, SD, TX, VA, VT, WI, WV |
FDIC
40 Pacifica, Suite 1000
Irvine, CA 92618
Attention: DRR Customer Service Center
Hours: 8 AM - 6PM Weekdays
Call: 1-877-875-4744 toll-free
FAX: 1-703-465-4320
Email: customerserviceFDICirv@fdic.gov |
Not applicable |
AK, AZ, CA, CO, HI, ID, IL, MI, MN, MT, NM, NV, OR, UT, WA, WY, and US Territories: AS, GU |
AK, AZ, CA, CO, HI, ID, IL, MI, MN, MT, NM, NV, OR, UT, WA, WY, and US Territories: AS, GU |
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. |
