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Can you put a lien on a car if there is no lienholder on the title?
Wiki User
∙ 7y ago
If the car is put up as collateral for a loan, and that loan is not repaid according to the written agreement then a lien will be placed on the title. If you sell the vehicle the lien holder will be paid first before you are able to put any money into your pocket. Never use your car as collateral for any loans ... cars lose their values and soon enough the lien (loan) will be more than the car is worth. The lien still has to be paid off when it's sold, even if the lien amount exceeds the price the car is sold for.
Wiki User
∙ 7y ago
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Can you put a lien on a Texas car bonded title?
Yes, you can put a lien on a bonded title.
What does it mean if there's a lien on a car title?
A lien on a car title most typically means that money is still owed on the car. When a person takes out a loan on a car a lien is put on the title until the full repayment of the loan.
How do you put lien on car that you are selling to a private party?
Record lien on title- as 1st lien holder
If you have the title to your car can someone put a lien on it?
Yes, if you left it for repairs in a shop and did not pay for repairs, they can put a mechanics lien on it, also if your car was towed and you did not take it out of storage they can put a storage lien on it. Sometimes even when you finance a car if they accidentally forget to add a lien and you receive the title, they can still add the lien with the contract or agreement they have signed by you.
How do you contract to sell a car for which you are being paid for over time?
Basically, you are financing the vehicle, right? Put a lien on it. All you have to do is fill out a bill of sale and there will be a place for you to list a lienholder. Fill in your information there. There will also be a place for you to put lienholder information on the title, so make sure you fill that part in also. When the buyer takes that to the highway dept to register it, the hwy dept will keep that and give them a registration. After about 2-3 weeks, you should receive the title in the mail with you listed as the lienholder. After you are paid in full by the buyer, then you will sign off as lienholder and give them the title.
need a lien letter cause lost my car title?
Once your car loan is completely paid off, obtain a car title lien release from your lender so your state BMV or DMV can put the car title in your name.
In the state of Colorado can an auto repair shop gain title to a car if owed money for repairs?
they can put a lien on your title,its called a mechanics lien
What if the car loan people forget to put a lien on the title?
If the bank or car company doesn't put a lean on your car.......you own it.
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.
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.
Can you put a lien on a car with no title in your possession?
repair shops do it all the time d
Do auto cash title loans put a lien against your car?
Auto cash title loans do not put a lien on your car. What happens is you surrender the title to the loan company and they give you cash. If you fail to pay back the loan, they have the title and are now able to legally come and take your vehicle.
