In some situations, yes. If a shop has a mechanic's lien on your vehicle for nonpayment of services, and the lender is notified that sale is immanent but makes not effort to stop it, the vehicle may legally be sold.
what is the address for bank of america auto lender lien holder
No. The bank has a prior lien. The mechanic's lien takes second place.
YES, after they get a judgment for the amount still owing on the contract. That amount can be applied as a lien against other property you own.
An auto lien means that another person has a claim to the auto too. It is not owned outright. Auto liens are usually entered into when an auto purchase is financed through a bank or other creditor. These are mutual agreements made during the sale and the lien is entered in the county recorder's office for the record. If you wanted to sell the auto before fulfilling your loan agreement and having the lien discharged, then the 1st lien holder (usually the bank) has specific rights to any proceeds from the sale before anyone else, including yourself.
You must go to court and, citing legal grounds, file a motion requesting a lien. After presenting your argument for a lien if the court agrees that you have a legal cause, it will then issue a lien order which you may serve on the company's bank.
Yes--but only if they have a court judgment against you. In that case, they would have what is called a judgment lien.
It means that someone has borrowed money from a Bank or lending company and used the car as colatoral. Be carefull, if you purchased this car, and that lien is still against it, the lending company can come after you for the money or take the car from you.
If ya used it as collateral.
yes
how?
Well it's obvious that you still owe them money and the "Lien" was released by mistake. The honest thing to do would be to call them and inform them so they can file for a new title.
It depends on if you have a lien placed on your vehicle (by you lender. If you own the car free and clear, you can take the insurance money and not repair the car, but if there is a lien on your vehicle more often than not the insurance company will make the check out to you and your bank.