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What are the rights of a lienholder on a car title when it comes to repossion of a vehicle?
Wiki User
∙ 14y ago
Wiki User
∙ 16y agoA lien gives you the right to hold the property of another as security for the carrying out of an obligation.
Wiki User
∙ 11y agoWhat are my rights as a lien holder if the customer does not have full coverage
even after it is part of his or her contract with us.
Wiki User
∙ 12y agono they do not
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If a car was purchased in Louisiana and now it is in Texas what are the lien holders rights to repo the vehicle?
the lienholder can repo at anytime as long as there is NO breach of peace.
Can a lien holder take a full settlement if there are other lien holders?
Yes--as to that lienholder's lien only.
Do you own your vehicle if the title is clear off lien holders?
yes
Can a lien holder sell the lien to someone else?
Yes. Generally, they can assign their rights under the lien.Yes. Generally, they can assign their rights under the lien.Yes. Generally, they can assign their rights under the lien.Yes. Generally, they can assign their rights under the lien.
When mortgage holders die what are mine and the mortgage company rights?
If a mortgage holder (mortgagee) dies the rights under the mortgage pass to her heirs. If a mortgagor (borrower) dies the mortgage company has a lien on real estate that still must be paid.
Do you have to continue paying a car loan if you receive a clean title with no lien holders?
no
Does lien holders insurance cover cost of unpaid bills after closeing?
No, a Lien holders "Single Interest" insurance policy, only covers the lien holders interest in the property, not the interest of the previous owner or foreclosed buyer. When a lien holder places it's own policy on a foreclosed or otherwise uninsured home it means that the buyer chose not to have insurance. The Lien Holder has placed the coverage to protect it's own interest. This type of policy is also referred to as "Single Interest Policy".
Does a lien on your house force selling your home?
No. Every mortgage is secured by a lien. The lien only ensures that the lien holder is reimbursed upon sale of the property. There can actually be several lien holders on a single property, and each will be paid in turn.
Can a single lien holder take their full judgment award if it is less than the judgment amount and there are other lien holders?
Yes. It is not split proratably or such.The amount goes to the lienholder in first position...generally the one who has the first recorded lien, to the amount of his lien, (entirely if it is less than the lien) and is distributed step by step down the lien holders by position until used up. Lower lienholders may get nothing while senior ones get paid in entirely.
Can you sell the mineral rights to your land if there is a lien against it?
A prudent buyer would require that the lien be paid off before the sale. If not the buyer would purchase the rights subject to the lien.
When finacing a car should the title be in your name with the lien holders name?
There is a separate place on the title for the lien holder information. Unless you have borrowed the money from an individual.
Do holders of common stock have any rights in a corporation?
Yes, they do have rights in a corporation.
