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Can a person sell a car and remain a lien holder till all the payments are made?
Wiki User
∙ 9y ago
Yes, a person can sell a car and remain a lien holder until all the payments are made. This is done once in awhile and works well if you don't have to repossess your car.
Wiki User
∙ 9y ago
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Can't afford to take car out impound CA?
Eventually the state will auction it off to recoup their costs. If you have a lien on it currently, the lien holder may take it out of impound and auction it - the state recovering their costs takes priority over the lien holder, and the lien holder will lose all claim to the vehicle if the state auctions it off. Either way, the payments for the vehicle will remain your responsibility.
Can I put a lien on a car title I'm selling if the buyer is making payments to you?
You can if you listed yourself as the lien holder of the car at the time you transferred the title to the person making payments. If you did not do this at the time you transferred them the title, you can not legally do anything.
If payments have been made to the second mortgage but not to the first Mortgage can the first mortgage holder reclaim any of those payments from the second mortgage holder?
No, the first lien hold cannot claim or collect any monies from the 2nd lien holder. The lien holders sole recourse is with the borrower.
Lien holder on your vehicle?
The lien holder is the person or firm, you borrowed the money from to purchase the car.
Can you change ownership of a lien car?
A person can be the lien holder for anythimg
Who is the lien holder of your car?
The lender who loaned you the money to purchase the car and to whom you make the payments.
Is an assignee a lien holder?
An assignee of a lien is the new lien holder.
Can i Put a lien on a vehicle to get my name on the title?
A person or a company that puts a lien on a vehicle is a "lien holder" that is on the title. It is not recognized as ownership.
Who needs lien insurance?
The lien holder would. A lien holder has a financial interest in the property
When creditor puts lien on your home will mortgage company make you pay it or foreclose on your home?
As long as you keep making your mortgage payments the bank can't foreclose. However, you cannot refinance or sell the property until the lien is paid. If you sell, the net proceeds after paying off the mortgage would go to the lien holder to satisfy that lien.As long as you keep making your mortgage payments the bank can't foreclose. However, you cannot refinance or sell the property until the lien is paid. If you sell, the net proceeds after paying off the mortgage would go to the lien holder to satisfy that lien.As long as you keep making your mortgage payments the bank can't foreclose. However, you cannot refinance or sell the property until the lien is paid. If you sell, the net proceeds after paying off the mortgage would go to the lien holder to satisfy that lien.As long as you keep making your mortgage payments the bank can't foreclose. However, you cannot refinance or sell the property until the lien is paid. If you sell, the net proceeds after paying off the mortgage would go to the lien holder to satisfy that lien.
Can the lien holder repo my truck when payments and insurance are current?
They will not repossess a vehicle unless you have defaulted on the loan. Defaulting on the loan is being late with the payments. Call the lender and talk to them.
Can a lien holder refuse release of lien if debt is paid?
If a debt has been paid off, the lien holder is required to release the lien. If the lien holder refuses, you will need to get a lawyer and take the case to court
