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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.

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โˆ™ 2010-12-16 01:38:37
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Q: Can a creditor place a lien on a vehicle you once owned but sold?
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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 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 a creditor place a lien on a financed vehicle?

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


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.


What can a creditor do to me?

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


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.


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 a credit card company put a lien against you?

A lien cannot be placed against an individual in reality. However, a judgment creditor such as a credit card company can place a lien against real property owned by a judgment debtor. The judgment creditor can take other steps as well to collect the debt, an example would be income garnishment.

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