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A lien holder cannot take the registration name of your car without your knowledge because that is only possible through Application for a Duplicate Certificate of Title and proof of identification is a must.
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∙ 9y ago
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Can a lien holder stop you from registering your vehicle for tags if you have defaulted on the loan?
They have a vested interest in the vehicle. Their lien can prevent you from registering the vehicle.
What if you stop paying on my second mortgage?
They'll probably, eventually, foreclosure. (second response) The first lien holder will pay the second lien holder to prevent them from foreclosing on the property. A second lien would never get away with this, but if they did, boy would they be in the money. Imagine if you took a home equity loan out on a $200,000 home for $25,000 dollars. You stop paying on the second lien, and they foreclose. Their $25,000 investment just returned $200,000. Be a hell of a day for a bank. Flip side is, if a home with 2 liens does go into foreclose, the second (junior) lien gets nothing.
Can a lien on a car stop you from getting it registered?
No. There's a spot right on the registration form (at least in every state I'm familiar with) for you to put the lienholder information in. Also, if you didn't purchase the car outright but took out a loan on it, whoever you got the loan from is considered a lienholder.
If the bank sent you a title without a lien holder on it can you stop making payments on the loan and keep the car?
Your obligation to repay the loan is based on the promissory note you signed, and has nothing to do with a lien on the vehicle. Without a lien on the vehicle, the lender will be unable to repossess the vehicle, but they can still collect on the debt. They can also impose substantial penalties. Without a vehicle lien as collateral, most lenders will convert your auto loan into a signature loan at an interest rate of 12% or higher.
Can a private party repossess a car if the Oklahoma title is still in his name and no maument has been made?
Looks Ok to repo in OK but call the MVD if you have any questions or stop by your local tote-the-note lot and ask them how they do it. LOL Oklahoma TITLE STATE: Yes SECURITY INTERESTS: Shown on title held by debtor. LICENSE REGISTRATION: Oklahoma Motor Vehicle Division, 2501 Lincoln Blvd., Oklahoma City, Oklahoma 73194. Tel.:(405)521-3221. RECOVERY REQUIREMENT: As per UCC, repossession allowed without committing a breach of the peace. DOCUMENTS REQUIRED FOR LIQUIDATION: Out of state titles must be in the name of lien holder. In Oklahoma copy of a security agreement (certified), lien released or repossession title in the name of lien holder. PLATES: Remain with the vehicle.
How can you stop a seven months old dog to stop chewing and destroying it's wee wee pad?
Try getting a "simple solutions" puppy pad holder, more toys to entertain your dog, or crate training.
Can a ucc 1 filing stop foreclosure?
In short, the answer is a resounding NO. Once someone actually understands how liens work, and how the foreclosure process works, one realizes that the UCC filing can not help, and anyone who says so either doesnt know better or is a scammer. The simplest way to know if something is a scam is to ask yourself this... "If this truly cant be done, why isn't everyone doing this?" When you buy a home, a lien is placed against it called a mortgage. This lien has 1st rights to the asset (your home) should you fail to make the payments. Should you get a 2nd mortgage against the property, this lien is called "secondary" and should you be sued by someone, that judgment lien is in 3rd position. Now you foreclose. You are not making your payments. When the house sells at auction, the 1st lien holder gets all the proceeds. Should money be left over, the money pays the 2nd lien holder and other lien holders until nothing is left. By filing a lien against your own property (which in itself is fraudulent, because you are impeding the due process of the foreclosure look up bankruptcy fraud and conveyance fraud.) But for sake of argument, lets say you file this lien against your property. The 1st lien holder, or your lender can foreclose on you, without approval of the other lien holders. They have the first right. If they chose not to, the 2nd lien holder can supercede the 1st by presenting their own foreclosure case against you. Ive been in this business for the past 5 years, and I have heard the craziest "loopholes" and theories on how to help struggling homeowners. None of them work, and those that have approached me with these schemes have all ended up in jail. I was approached with this ideal in early 2007, and that promoter is now spending 20 years in jail. If you seek further advice on how to delay your foreclosure, feel free to email me at trusteedelayservice@gmail.com for non-biased and legal strategies that can help you.
How does voter registration stop voter fraud?
Voter registration stops fraud by making sure that you have the required identification to prove that you are who you say you are.
Free STOPzilla registration key?
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How can you stop a lien from being filed against you?
You can pay off the amount owed to the creditor.
Grand theft auto 4 registration code?
stop playing video games
Why there are rumors between rosalina and nat?
bcuz people dont kno who to go with and wont stop lien
