File suit in the appropriate state court in the county in which registered owner resides. If a judgment is granted it can be executed as a lien against the vehicle according to the laws of the judgment debtor's state. The lender is the primary lien holder if the vehicle has been used as collateral and a secondary lien can be enforced without the lender's release after the lending agreement has been completed.
A personal loan is an asset to the estate. As such it can be willed to someone else if there is proper documentation of the loan.
If you are renting the property from someone else and do not own it, no, because a home equity loan is like a mortgage. The lender has a lien on the property if you default on the loan. If you are the owner of a property and rent it out, yes you should be able to get a loan with the property as security.
Answer lien on car?i let someone borrow 1100.00. he doesn't own a home. and he has a cr with a loan on it. can i put a lien on the car??
If the car has a lien on it, that means someone else has legal right to the vehicle probably for the balance of a car loan or due to non-payment of the car loan. If you purchase the car from its owner then you will be responsible for paying the lien or the vehicle may be repossessed by the lender or seized to pay the debt. You would need to obtain a valid release of the lien and follow the appropriate steps to have the lien released if you want to acquire a clear title.
To get out of a used car loan, pay off the loan or find someone else who will do that.
No. You don't get the title to your car until any loans against it are paid in full. <><><> In several states, you will get a title document- but it will show the loan company or bank as a lienholder. That title cannot be transferred to someone else until the lien is satisfied (loan paid off)
No, that would not be possible. There is a loan on the vehicle and the lien holder must be satisfied first. It is not likely that they will allow the transfer without a new loan being created.
Generally the lender will require that the lien be paid off with the proceeds of the loan.Generally the lender will require that the lien be paid off with the proceeds of the loan.Generally the lender will require that the lien be paid off with the proceeds of the loan.Generally the lender will require that the lien be paid off with the proceeds of the loan.
Yes. A license cannot be 'loaned' to someone else.
Yes, the estate has to resolve all debts. The property cannot be transferred while subject to a lien from a line of credit.
No go to small claims court.
If the vehicle was put as collateral for the loan, there already is a lien on it.
A lien may stop a refinancing of your home. The lender may allow the loan to proceed and require that the lien be paid off from the proceeds of the loan. Or, in addition to paying off the lien, it may also cause an increase in the interest rate of the loan as well.
The lien is no longer applied to the vehicle when the loan is paid off. You can then get a lien release from the lender. As long as the loan has not been paid off the vehicle still has a lien on it.
A lien is usually created on something when someone has used that something as collateral. Ex. A house that has been paid off can have a lien placed on it by taking a out a home equity loan. The house is now used as colateral. The lien is placed by the loan institution. Hope this helps.
Yes, but the lien holder must be notified and the outstanding balance of the loan must be paid before the title can be transferred to the new owner.
how can i put a lien on a motor vehicle for a loan that was put out and no payment made yet on the personal loan
Yes, you can take out a loan for a vehicle for someone else and make the payments on it, but the only way you can put the vehicle in their name is if you have their permission.
A lienholder is a person or bank or institution that gives someone a loan, so the answer is yes. A private person, friend, boss, parent, or anyone else can be recorded as the lienholder on a vehicle.
Yes, but you will be the one responsible for repayment, and it will be your collateral that is seized or forfeited if the loan is not repaid.
If only your name is on the title and the loan is not listed as a lien on that title then you are the legal owner. If someone else obtained a car loan for you then their name should be on the title to the car with yours. The question of ownership should be addressed if someone was kind enough to borrow money for you to have a car. The car should have full insurance coverage in case of an accident.
Pay off the loan and then request a lien release from the lender who held the lien on the car.
A lien on any automobile means the owner has either takens a loan out to pay on the vehicle or to pay something else but uses the vehilce as collateral or a 3rd party company has placed a lien againt the vehicle to collect unpaid money.
When they get out of jail for selling property with a lien on it, and after YOU pay off the loan, you might consider NOT co-siging again.