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Can bank put a lien on a new house if the former house was repossessed?
Wiki User
∙ 15y ago
If they have a deficiency judgement, generally because the repossession did not develop enough money to fully pay them the amount you owed, that amount is still your debt and responsibility. Like any creditor, liening assets you have is one of many methoids of collection or assuring payment they have.
Wiki User
∙ 15y ago
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Can you file a lien against bank owned property?
A lien against bank owned property would not be effective unless the lien was against the bank. If you have a lien against the former owner your opportunity to try to enforce it has passed.
If you buy a motorcycle that has a lien on it from the Royal Bank of Canada through the previous owner can the bike be repossessed from you?
yes,
Can you buy a car that is repo from a friend?
Provided the lender still holds the lien on the vehicle, it will still be repossessed and you will find you have a problem with a former friend.
Can a car be repossessed with title and no lien on it?
no
Will there be a federal tax lien put on my house that's in foreclosure?
Yes, there will be a federal tax lien put on your house that is in forclosure. The bank or person that buys your house will have the option to pay that lien off.
Can the bank put a lien on your home for the balance after the repossessed auto is sold at auction?
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.
What if a lien is on your house?
You can not sell your house or if you die your home will go to the people who have a lien on your home.The best thing to do is to pay off the lien which is usually someone or a bank you owe money.
Can your car be repossessed if there is no lien holder on title?
no
What does is mean to have a lien on ones property and tenets?
A lien is a security interest in the property. A lien might arise from a loan. If you buy a car with the bank's money the bank will put a lien on the car. If you don't pay the bank back, it can foreclose on its lien and take the car from you. If you have a roofer add a new roof to your house, and you don't pay him, the laws allow the roofer to put a lien on your house. The roofer now has a stake in the house. If you don't pay off the lien your house can be forcibly put up for sale in order to satisfy the lien. I believe "property and tenets" translates into modern speak as "property and belongings".
In Texas if your car was repossessed in 2001 can they do anything to you like file a lien against your house?
Check out this link: http://www.texascollections.com/collecting_judgments.htm
Can a vehicle be repossessed by judgment order if there is a lien on it?
YesYes
Can someone take a car if you are a second buyer at the department of motor vehicles?
If a vehicle has lien against it in the jurisdiction that I live in, the "title" can't be transferred until the lien is cleared. That means that technically yes you could be trying to register the vehicle and have it repossessed in the former owners name.
