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Yes. That means in the event you try and sell your home, any monies received from the home their portion is given to them first.

YES, IF the lender has a JUDGMENT against you.

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โˆ™ 2015-07-14 16:09:48
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Q: Can a lien be put against a home for a vehicle repossession?
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Can your car be repossessed if you have the title in your possession and the bank is not the lien holder?

Repossession occurs when the borrower fails to make payments on a loan secured by a vehicle. If "the bank" is not the lien holder then it has no authority to take possession of the car by repossession. However, if a bank obtains a judgment lien against you in court for a different debt, it can use the judgment lien to seize your car, or any other property, to satisfy the judgment.Repossession occurs when the borrower fails to make payments on a loan secured by a vehicle. If "the bank" is not the lien holder then it has no authority to take possession of the car by repossession. However, if a bank obtains a judgment lien against you in court for a different debt, it can use the judgment lien to seize your car, or any other property, to satisfy the judgment.Repossession occurs when the borrower fails to make payments on a loan secured by a vehicle. If "the bank" is not the lien holder then it has no authority to take possession of the car by repossession. However, if a bank obtains a judgment lien against you in court for a different debt, it can use the judgment lien to seize your car, or any other property, to satisfy the judgment.Repossession occurs when the borrower fails to make payments on a loan secured by a vehicle. If "the bank" is not the lien holder then it has no authority to take possession of the car by repossession. However, if a bank obtains a judgment lien against you in court for a different debt, it can use the judgment lien to seize your car, or any other property, to satisfy the judgment.


How long after repossession of your vehicle does the lien-holder have to sell the vehicle?

Forever Adding: I believe the questioner may actually mean to say - does the lien holder have to wait to sell it. Perhaps he doesn't understand that after repossession, it is then "their", that is the lenders, vehicle.


If you have a voluntary repossession can they take your home?

NO, they can attach a lien to be paid FIRST if/when the home is sold.


Can you renew registration for a paid vehicle that has a lien on it?

No... a vehicle which has a lien against it isn't paid off.


Does the lien holder have to hold your motorcycle after repossession?

After repossession, the lien holder or agent sends information on how to reclaim the vehicle; if the owner does not respond or cannot repay the outstanding debt, the agent removes all personal belongings and sells the vehicle at auction. You will then be liable for the difference in what it sells for and the balance on the loan plus repossession fees.


How many days does the financial lien holder have to wait after repossession to sell the vehicle?

Laws on this vary by jurisdiction.


If you live in the state of Georgia and there is a lien against your vehicle but no money is owed can they repossess the vehicle?

A lien means that money is owed on your vehicle. If there is no more money owed, then there is no longer a lien, and the vehicle cannot be repossessed.


Can a mechanic repo a truck?

Yes, provided he has a valid lien. Often, in the event of unpaid vehicle repair debts, mechanics can obtain a mechanic's lien. Repossession can be a means of enforcing a mechanic's lien.


How do you get a legal order to repossess a vehicle in Oregon?

Present proof of your ownership and the lien contract to court and get a repossession order.


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 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.


Does this vehicle have a Lien on it?

Does this vehicle have a Lien on it?


Can you legally repossess your car with a lien on the title?

That is the only way you can repossess a vehicle. Repossession comes under the UCC which grants a lienholder the right to repossess but only if they have perfected their lien by filing it on the title. One caveate is in most states the lienholder can not repossess a vehicle that is under a mechanic's lien without first paying that lien.


Can lien holder repo vehicle if not paid?

Yes. That's the sole cause for repossession, when the payment/s haven't been made.


What is the process of repossession?

Repossession is an option that some lenders use to help pay against a bad debt. The debt or loan must have been secured by property. That property will in most cases have a lien placed against it to prevent unlawful sale and fraud against the lender. When the vehicle is repossessed, it is sold at auction and the proceeds are applied to the debt to help offset it or pay a portion of it.


What happens when you file a lien release on car if others have a lien against you?

Your question makes no sense. There is no lien on you but only on your vehicle. You do not file a lien release unless you have a "release of lien" issued by the financial institution which you borrowed money from against that vehicle. If there is a second lien "mechanics lien, tax lien, etc." that lien now becomes primary. Another person cannot take possession and or register the vehicle in their name until any and all liens have been satisfied. 19 years experience in the car biz.


Can a HOA place a lien on homeowners vehicle?

Best practices dictate that you take the lien filed against the vehicle to an association-savvy attorney and request guidance.


Can you repossess a vehicle with a lien against it?

yes, there are different situations but yes you can. if you are the sole owner than you can now you may find yourself in a legal battle behind a mechanic lien. Also if the company who placed the lien is in possession your best bet would be to go to your local court house in find out what your rights our. the vehicle is still yours, but weather or not your able to repossession. while in there possession, and if your reliable for the money owed is the question.


What does registering a lien on someone do?

IF ONE OWNS A HOME & HAS A LIEN PLACED AGAINST THEM IT WOULD ATTACH TO ONE'S HOME & WHEN SOLD, THE LIEN MUST BE PAID OUT OF THE PROCEEDS.


Can a contractor lien the property and my vehicle?

Yes and no. The contractor can file a lien against your house for non-payment. Even if you honestly don't owe the contractor any money, he may still lien your house; he will eventually have to prove the lien's validity in court or it is automatically released. No lien can be filed against your car. However, if the contractor gets a judgment against you, that judgment may be executed against your car and home to secure payment.


Can a tow company put a lien against you for not picking up the vehicle?

Yes


How do you receive a vehicle title that still has a lien?

You can't. If a vehicle has a lien on it the lien holder is the owner of record of the vehicle.


Can you buy a home if you owe back child support?

If there is a child support lien against you it must be paid before the bank will loan you money to buy a home.If there is a child support lien against you it must be paid before the bank will loan you money to buy a home.If there is a child support lien against you it must be paid before the bank will loan you money to buy a home.If there is a child support lien against you it must be paid before the bank will loan you money to buy a home.


how to tell if there is a lien on vehicle ?

free vehicle lien check ?


Can I refinance if a lien is placed against the property?

Yes you can refinance with a lien on your home. The lien will have to be paid off in order for you to complete refinance.