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Can a creditor place a lien on a financed vehicle?

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βˆ™ 2006-04-25 03:44:51

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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.

2006-04-25 03:44:51
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Related Questions

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.


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 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 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 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.


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.


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.


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.


What can a creditor do to me?

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


Can a creditor place a lien against a house or car that's not paid for?

Yes, however the judgment lien would take second place after the existing lien(s).


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.


You co-signed a mortgage for property you don't own. Can a lien be placed on that property for your own personal debt?

No. If you are a co-signer on a mortgage for property that you don't own your personal creditor cannot place a lien against that property for your personal debt. If the creditor does record a lien in the land records it will have no effect if you have no ownership interest in the property.No. If you are a co-signer on a mortgage for property that you don't own your personal creditor cannot place a lien against that property for your personal debt. If the creditor does record a lien in the land records it will have no effect if you have no ownership interest in the property.No. If you are a co-signer on a mortgage for property that you don't own your personal creditor cannot place a lien against that property for your personal debt. If the creditor does record a lien in the land records it will have no effect if you have no ownership interest in the property.No. If you are a co-signer on a mortgage for property that you don't own your personal creditor cannot place a lien against that property for your personal debt. If the creditor does record a lien in the land records it will have no effect if you have no ownership interest in the property.


Who can put a lien on your motor vehicle registration?

No one can get a lien against your personal vehicle except the company that financed the car and the IRS or federal government. I am a licensed in MI, AZ, CA, and NV.


Can a creditor place a lien against your home if the statute of limitations expired?

No. The lien would be null.No. The lien would be null.No. The lien would be null.No. The lien would be null.


Can a creditor place a federal tax lien on your property?

No, only the IRS can take that action.


Can you lose your car if a judgment is entered against you?

Yes. Your creditor can request a judgment lien and take any property you own to satisfy the lien.Yes. Your creditor can request a judgment lien and take any property you own to satisfy the lien.Yes. Your creditor can request a judgment lien and take any property you own to satisfy the lien.Yes. Your creditor can request a judgment lien and take any property you own to satisfy the lien.


Can a creditor with a judgment lien a clear vehicle title for a car with more than one owner on the title?

Yup!


Can you pay just 5.00 a month on a lien and get the lien taken off?

You need to discuss that with your creditor.You need to discuss that with your creditor.You need to discuss that with your creditor.You need to discuss that with your creditor.


Can a creditor of the former owner place a lien against the property after it is sold?

If the deed has been recorded by the new owner the lien would have no effect.


How do you place a lien on a vehicle?

If there is money owed to you for the vehicle, start with your State Dept. of Motor Vehicles. They have a lien application form you fill out and submit with a fee to register your lien.


Can a creditor place a lien on your house if you can't pay your car loan?

Yes. The creditor could sue you in court and if successful will obtain a judgment lien that can be recorded in the land records. Once recorded you can't sell or mortgage the property until the lien is paid.


Does this vehicle have a Lien on it?

Does this vehicle have a Lien on it?


Who is a lien holder with a financed auto?

If the question is "who is a lien holder with a financed auto" then the answer is usually: the party who loaned the debtor the money, that is, the bank or lender. For example, if you financed a Hootieville ZX through Holeinwall Bank, then the good people at Holeinwall are the lien holders on your financed vehicle. They have the right, where allowed by law, to sell their interest in your contract to another lender or interested third party, much the way mortgage companies sell home loans like they were hot cakes on a cold winter morning. In short, the lien holder is the person who owns control of the loan (and actually the vehicle) until you pay it off or it gets repo'd and sold.