0
Can a finance company put a lien on your house if you do not pay your car note in Arizona?
Wiki User
∙ 10y ago
I don't know, But when you made the deal with the finance company to buy a car they would/should be holding the title to the car until the loan is paid off. One way to figure this out is do you currently have the title in your passion? (make sure) If you do have the title that would mean that you probably took out a personal loan. If the finance company does go to put a lien on your home they have to take it to court, YOU MUST GO TO DEFEND YOURSELF, So when you are in court you can tell the judge your side of the story, (if you don't want the car, and you do have the title ) offer the title up as payment to satisfy the loan. Another thing, When you applied for the loan you talked to a loan officer, and you told them you wanted a car loan. Tell this to the judge, and then ask the judge why would the loan company not hold the car title for collateral? (think about it) Also when you go to court, you might want to think about getting a lawyer ! good luck
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
How can I get the Finance Company removed from my title to show only my name in order to sell it?
Contact the finance company and get a lien release from them. With that lien release you can have them removed from the title. You cannot get the lien release unless you have paid the loan off in full.
What happens if you no longer have the car and the finance company trying to repossess?
Someone has the car and the finance company has a lien on it. Any sale would have been fraudulent.
If a mechanic has a mechanics lien on your car will this prevent the finance company from repossessing your car or prevent you from voluntarily having car repossessed?
No, what will happen is this: the finance company will pay off the mechanics lien (usually) and tack that on your loan balance, it would be considered a repo fee.
When a person owes a finance company and has repairs done also on a truck can the person who did the repairs file a lien on the truck?
Yes, It is called a Mechanics Lien
What if your car is in repo status and there is a mechanical lien on it does the finance company hold you accountable?
Not necessarily but the person with the mechanical lien will for sure sue you and hold you accountable.
Can car registration be put in different name than finance company?
Yes. The finance company is the lien holder, therefor they are the tilte holder. General you can put whoever you want on the registration.
What does lienholder mean?
A lien holder is the finance company, bank, or individual with whom you signed an agreement to borrow money using a particular asset, such as a car or real property, as collateral. You cannot sell that asset until the loan is paid. If you don't pay the loan, the lien holder can take possession of the property.For example:You signed a contract with a finance company when you purchased your car. The finance company is the lien holder. If you default on your payments the company will take the car.If you signed a mortgage for your home and default on the mortgage, the lender is the lien holder and can take possession of your home by foreclosure.
How do you get in touch with Isuzu Motor Acceptance Corp or their agent for a lien release?
Call Isuzu Owner Support at 1-800-255-6727 and ask for Finance Dept. They have lien information for the previous Isuzu finance company.
What does a lien on a car title mean?
The lien holder (PERSON OR FINANCE COMPANY THAT HAS AN INVESTMENT INTEREST IN VEHICLE) must be paid off prior to you selling vehicle to another party.
Can a repossession company in Maryland repossess a vehicel from a bodyshop without paying the repair bill?
Yes, they can. The car, while the finance company holds a lien on it, is the property of the finance company. As the person who damaged the car and brought it in to be repaired, responsibility for the bill falls on you.
If a credit card company has a judgment on you in Tennessee can they take your home if you own it?
no,,,,,,but they can put a lien on it,,,and when you sell your house,,it has to pay the lien amount,,,before you get any money from the house.
Can the finance company repo your car when you have a title with no lien?
Yes. The note creates a lien, regardless of whether it is officially recorded on the title. If the lien is not on the title, this will merely create some extra work for the repossessor when they try to sell the car.
