0
Can a lien be placed on a house for voluntary repossession the state of Texas?
Wiki User
∙ 12y ago
There are no legal differences between the borrower voluntarily relinquishing a vehicle or the lender having to initiate repossession action (with perhaps the exception of additional monetary charges).
If an outstanding balance remains on the original loan amount after the vehicle is sold at public auction the lender can file suit to gain a judgment against the borrower for the amount still owed. If a judgment is awarded the judgment creditor may execute it according to the laws of the state. This being the case it is possible for a judgment holder to place a lien against real property owned by the judgment debtor.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
If you do a voluntary repossession on your auto can your house be taken by the bank if you have no equity in it?
NO. They can't take what you don't have.
Can a lender take a house after a voluntary repossession of vehicle in Pennsylvania?
Yes. I would say because it just should. Who r u? LOSER bye...
Can the bank garnish your wages or put a lien on your house for a voluntary repossession in Pennsylvania?
http://www.pacode.com/secure/search.asp search the PA code vol. will make no difference
What is the process of house repossession?
House repossession refers to the process by which a financial organization takes ownership of the house as collateral due to failed payments or inability to pay.
Florida has custody of me but i was placed in Texas and now im 17 in the state of Texas you can leave your house when you are 17 can Florida come and pick you up and force to go to Florida?
No.
What is the car repossession law in Arizona?
check with your court house.
What are the risks of high debt levels?
house/car repossession
When would a house be in danger of repossession?
Typically, a house can be repossessed after 90 days of non payment by the mortgage holder. However, it is not illegal for repossession to begin after a missed payment, though this is extremely rare.
How can you volunteer give a lien on your house in AZ?
A voluntary lien would be a mortgage.A voluntary lien would be a mortgage.A voluntary lien would be a mortgage.A voluntary lien would be a mortgage.
Your house has been repossessed but the land remains in your name?
No. The house is attached to the land, so, the land is included in the repossession.
Is criminal trespass a breach of the peace in Texas?
this is a GENERIC definition... BOP is usually decide in the APPEALS Courts. Links at the bottom Breach of Peace. However, even if there is a right to repossession, the repossession agent cannot Breach the Peace in conducting the repossession. That means that the repossession agent in repossessing the vehicle cannot: forcibly remove you from the vehicle; stop you on the street or highway like a law enforcement arrest; enter a closed garage or your home; break into your house; create a disturbance such as a fight or other altercation; threaten any of the above actions; or pretend to be a law enforcement officer while conducting the repossession. If any of these actions occurred you should immediately contact an attorney. courtstuff.com
If your husband decides to voluntary turn in his car voluntary repossession would this affect your credit if it's only in his name?
No it would only effect you if you had originally co-signed with your husband when he got the car to begin with.......Now, the only way it would hurt you is if you guys try to get another car or a house or anything of that nature, but you individually by yourself are not effected, but when you try to do something together with your husband, then YES!! This will hurt you big time
