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In the state of Texas can a creditor put a lien against your home for a repossessed vehicle?
Wiki User
∙ 15y ago
The answer is yes, if the creditor brings you to court on the matter.
Wiki User
∙ 15y ago
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In Texas can a car be repossessed if it is blocked by another vehicle?
no!
Can a creditor's lawyer place a lien on a financed vehicle in the state of Texas?
When you signed the contract to finance the vehicle, the creditor put a lien on the vehicle. In the rare event that this was not done, it can be done later in some cases.Also, a creditor can place a lien on an already financedvehicle if there is more equity in the vehicle than the amount of the original loan. Generally, a creditor who obtains a judgment lien against you can arrange to place that lien against any property you own in order to satisfy the lien.
What is the time limit to recover a repossessed vehicle in Texas?
Under Texas law, a vehicle may be repossessed even if payment was only late for 10 days. This means that is payment was due on the first day of the month, and payment has not been settled on the tenth, then, vehicle will be repossessed on the eleventh.
With a cross collateralized debt when the vehicle was surrendered can the creditor demand payment for deficiency?
In the state of Texas, yes the creditor can follow for the deficiency balance.
Can a lien be placed against a house in Texas for a car that was purchased in California and then repossessed in Texas?
Yes. The creditor can sue the debtor in Texas and use a judgment award to place a lien against property belonging to the debtor. I'm not a lawyer and would encourage you to call one. But I believe the previous answer is incomplete. If you reside in Texas, and you LIVE in the home in question, a judgment award cannot really be used against that property. If they put a lien on the house, all you need to do is claim "homestead exemption" and tell the creditor to remove the lien. They are required to do that. If they refuse, you can sue them for damages. The creditor can place a lien on OTHER property that you own (i.e. not your primary residence). Or any property that you inherit.
What do you do when your vehicle has been repossessed during an insurance claim in Texas?
Same as any other repossession, CALL the LENDER. Work something out.
Can a vehicle be repossessed from a locked garage in Texas?
The car can only be repossessed from a locked garage if the car is spotted in the garage from a window or a crack, but the repo company cannot enter the garage if the car was not visibly spotted.
If the cobuyer of a vehicle that was repossessed is going to reclaim the vehicle how does he get a clear Texas title without the other's name on it?
Make the idea known to the lender BEFORE you proceed. get it claer what is to happen.
When can a car be repossessed in Texas?
In most instances when you get behind on your payments. The exact details of when the lender will repossess the vehicle is listed in the contract you signed when you took out the loan on the vehicle. Read your contract with the lender.
Can a person's wages or bank account be garnished for credit card debt in Texas?
The creditor would need to obtain a lawsuit judgment from the Texas court before wage garnishment would be allowed. Texas only allows garnishment of wages when there are no other means for a judgment creditor to collect a debt owed. If a judgment has already been entered against the debtor in a different state, the judgment creditor can place a "foreign" judgment lien against property owned by the debtor.
In Texas if your car was repossessed in 2001 can they do anything to you like file a lien against your house?
Check out this link: http://www.texascollections.com/collecting_judgments.htm
How can you find original contract information on a repossessed lease vehicle in Texas that has been re-leased to a different party?
One could contact CARFAX.
