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If a car is impounded and they are put in jail with the car in their name and you as the lien holder what should you do?
Wiki User
∙ 16y ago
If you are the lien holder then you loaned them the money to purchase the car. Just wait for the payment, and if it is not made according to the loan agreement, contact the police and see if you can reposses the car. Of course you may have to pay the impound fees.
Wiki User
∙ 16y ago
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Will an impounded vehicle be turned to the lien holder?
Not unless the lien holder goes and retrieves it from impound themselves. The reimbursement of government fees (federal, state, or municipal) outweighs the priorities of the lienholder. When a vehicle goes into impound, the agency which impounded the vehicle puts their own lien on it, and that lien takes priority over the original lien. If the vehicle is not retrieved from impound, it will be auctioned off, and the lien holder basically gets shafted in the process. The person who took the lien out on the vehicle will owe the remaining balance still, and one of the money the agency auctioning the vehicle makes will go towards reducing the amount owed to the lien holder. To that end, you're better to let the lien holder repossess the vehicle and auction it, rather than have it impounded.
What is a Lien Fee for on Impounded Car?
what is a lien fee when your car is inpound
Is an assignee a lien holder?
An assignee of a lien is the new lien holder.
How to get rid of a car when lien holder died?
You need to obtain a release from the estate of the lien holder. Which means you have to satisfy the lien. That should allow you to obtain clear title.
How do you discover the lien holder of a car?
It should be on the title.
Who needs lien insurance?
The lien holder would. A lien holder has a financial interest in the property
Can the lien holder take the car form the impound before the 30 day hold is up?
While I am not familiar with this "30 day hold," but the lien holder of a vehicle may take possession of the vehicle at any time after the loan has been defaulted. That is if you the borrower go delinquent on payments, and the vehicle is impounded (potentially for parking violations or excess unpaid tickets), the lien holder will receive notice. Actually they receive notice of impound even if you are not delinquent. If the lien holder pays the outstanding impound and storage fees, they may take possession of the vehicle.
How can you lien holder reposses car if car was impounded due to buyer lost drivers license?
As the lien holder of the vehicle, they are contacted by the proper authorities that their asset (the said vehicle) is at an impound lot accuring fees. Because the lien holder is in essence the true owner of the vehicle until the loan is paid off & the lien is released, they have the right to reposses the vehicle from the impound. This is in the best interest of the lien holder because if fees add up, it may not be worth picking up in the end. What many debtors do not realize is that if they do not redeem the vehicle from the lien holder once it is picked up from impound, the vehicle is sold at auction to the higgest bidder & that is in turn applied towards the debtors deficiency balance.
Can a lien holder refuse release of lien if debt is paid?
If a debt has been paid off, the lien holder is required to release the lien. If the lien holder refuses, you will need to get a lawyer and take the case to court
What is a Lian holder?
I think you mean LIEN (not lian) holder. A lien holder is one (an individual or company) which holds the lien to a secured real or personal property.
Can a vehicle with a lien on it be impounded and sold?
yup but you still owe the cash
Lien holder on your vehicle?
The lien holder is the person or firm, you borrowed the money from to purchase the car.
