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Depends on your state. Some states require that any surplus from the sale be given back to the debtor. While any deficiency is the debtor's responsibility to pay back to the lender. Most lenders won't sell a vehicle for higher than what was owed, less paperwork and easier to just call it even.
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Can you place a lien on sonones auto if they owe you money. without sueing them in court?
Yes, But (I think) only if the money is owed to you for auto repair. You will want to check this out.
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 is the lien holder address for bank of america auto loans?
what is the address for bank of america auto lender lien holder
What is an auto lien?
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.
Can you File Mechanics Lien for unpaid auto repairs in PA?
No, you need to file a repairmans lien.
Can bankruptcy lawyer have lien removed from car?
If the lien is a purchase money lien (granted to allow you to buy the car), then no. If it is a nonpurchase money lien (you granted a lien on the car to secure an unrelated debt), then yes.
Can a lien be put on my house for back taxes on a mobile home that is in my name my house taxes are current?
Yes, your real property can have a lien put on it. The government will do everything they can to get their tax money.
How do you put a lien on an auto in the province of BC?
I need to know how to put a lien on a vehicle in the province of BC
What is an auto lienholder?
A lien holder is someone who has a financial interest in a car. It could be the bank you financed it from, or someone else who the car owner owes money to. The car owner's name is on the title with the lien holder's name so that you can't sell the car without the lien holder signing the title...this means that you don't owe the lien holder any money on the car. The car is now 100% owned by the title owner.
Can an auto insurance company file a lien against your home for auto damages?
Yes--but only if they have a court judgment against you. In that case, they would have what is called a judgment lien.
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.
Default on payday loan in Arkansas?
They can place a lien against your assets. Or they can garnish your paycheck, they are going to get their money back.
