The lien has no value, only the car. The mechanics lien allows the shop to keep possession of a vehicle until the bill is payed in full. If the bill isn't payed, the mechanic can call the police to do a vin check on the vehicle. If the vehicle isn't reported stolen, they can have a title made out that transfers the full ownership to them. They can then sell the vehicle to recoup their losses.
Try the link below for filing a mechanics lien in Illinois.
No, what will happen is this: the finance company will pay off the mechanics lien (usually) and tack that on your loan balance, it would be considered a repo fee.
Could be a mechanics lien.
any lien is challengable in superior court or small claims, depending on amount of lien.
NO! BANK LIEN-PAY IT OFF. MECHANICS LIEN-PAY IT OFF. autolienservice.com
A first lien holder is usually the lender or mortgage holder. Mechanics or Construction Liens do not supercede any lien placed before them or mortgage recorded after the lien is filed. In Minnesota mechanics liens are only enforceable for one year after the last day of service. Any lien holder, regardless of where they are in priority, can file to enforce their lien at anytime during that one year period.
You don't. A Mechanic's Lien is a legal instrument that can be used by a contractor, business or person who has made improvements to real property. For example, a company installs windows in a house and the homeowner who contracted the service does not pay the bill, the contractor can then file a Mechanic's Lien against the property where the windows were installed by recording the lien in the land recorder's office in the county where the property is located. That is actually not true. A mechanics lien is a lien that can be put on any type of vehicle due to an unpaid bill for the services that you receive. For instance, if you take your vehicle to a shop and then fail to pay them, they can put a mechanics lien on it until the balance and services are paid for in full. That is why it is called a "mechanics" lien. If you are not a licensed mechanic, you cannot put a mechanics lien on anything. However, you can go to your local county courthouse to file a standard lien.
No, you need to file a repairmans lien.
Go to the DMV (Department of Motor Vehicles) and have them run a lien check on the vehicle. WHAT DO YOU MEAN; BANK LIEN OR MECHANICS LIEN? autolienservice.com
To file a mechanics lien in Mississippi one will need to go to the courthouse and file the paperwork. An attorney can be hired to file all the paperwork for you.
If an insured car is totalled the insurance company will issue a check made out to the lien holder and the owner jointly, both the lien holder and the owner have to endorse the check to cash it. If the value of the car is more than the lien, the lien gets paid off and the owner gets the remainder. If the value is less than the lien, and therefore, the insurer pays less than the outstanding balance on the loan, the lienholder will be entitled to it. Additionally, the owner will be liable for the balance owing after insurance proceeds are credited.
Yes. You can file a lawsuit to challenge the lien or you can wait for the claimant to sue to enforce the lien and challenge it then.