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In most states it is possible for the action depending on the exemption status of the vehicle and how it is titled.

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โˆ™ 2006-04-25 03:44:51
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Q: Can a creditor place a lien on a financed vehicle?
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Can a creditor's lawyer place a lien on a financed vehicle in the state of Texas?

When you signed the contract to finance the vehicle, the creditor put a lien on the vehicle. In the rare event that this was not done, it can be done later in some cases.Also, a creditor can place a lien on an already financedvehicle if there is more equity in the vehicle than the amount of the original loan. Generally, a creditor who obtains a judgment lien against you can arrange to place that lien against any property you own in order to satisfy the lien.


Can a creditor place a lien on a vehicle you once owned but sold?

If you transferred the vehicle to a friend or family member for less than fair market value in order to avoid a creditor the court can nullify the transfer and the creditor can place a valid lien on the vehicle.


Can a creditor repossess a car without a registered lien or validate title?

If the creditor is the loan holder of the vehicle a lien is already in place. The title will show the loan provider as the primary lien holder. That insures the vehicle as collateral and if default occurs the lien holder can repossess the vehicle without going to court. Except in the few states that require the creditor to obtain a replevin order before seizing the vehicle.


Can lien affect your credit?

Yes. A creditor lien will be reported.Yes. A creditor lien will be reported.Yes. A creditor lien will be reported.Yes. A creditor lien will be reported.


Can you place a lien on a car that is financed?

You can have a lien placed on any property for which you have just cause to place a lien. The fact that it is financed does not affect this. keep in mind though that on financed property, if there is a balance still outstanding to the primary lender, you are a secondary lien holder. You will receive no payment typically until the first lien is satisfied.


Can creditor place a lien against your home in the state of South Carolina?

A creditor can place a lien on a property in South Carolina. This is to ensure their loan is paid.


What can a creditor do to me?

Repossess any merchandise, or, place a lien on your estate.


Can a Repo man take a car if you own it?

A repo worker does not normally pick up a vehicle unless he has an order from the lien holder (usually the creditor who financed the vehicle). If you own your vehicle outright with no liens against it, the repo person probably picked it up by mistake.


In the state of Texas can a creditor put a lien against your home for a repossessed vehicle?

The answer is yes, if the creditor brings you to court on the matter.


Can a lien be place on someone's home?

Yes, a creditor can definitely place a lien on someone's home. In fact, a lien can be placed on anything that the individual owns.


Is it possible to place a lien on your own vehicle?

Absolutely not. You cannot be your own creditor.Absolutely not. You cannot be your own creditor.Absolutely not. You cannot be your own creditor.Absolutely not. You cannot be your own creditor.


Can credit card debt put a lien on your taxes?

Yes, if the creditor obtains a judgment lien in court.Yes, if the creditor obtains a judgment lien in court.Yes, if the creditor obtains a judgment lien in court.Yes, if the creditor obtains a judgment lien in court.

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