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What legal trouble can you get into for selling a car for parts but has a lien on it?
Wiki User
∙ 11y ago
A lot. Legally whoever has a lien on the vehicle owns the rights to it until your loan/balance due is satisfied.
You have no legal right to sell the car in the first place because you do not own it and would have to be an utter fool to do this.
Wiki User
∙ 11y ago
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How do you make a private sale of a vehicle with a lien in Georgia?
You must contact the lender. They hold legal rights to the vehicle. Selling it without their approval will get you into some financial trouble. Call the lender.
Is it legal to garnish a check and put a lien on a home?
Yes they can garnish parts of your check and also put a lien on your home, so that you cannot sell your home until you pay them.
How do you put lien on car that you are selling to a private party?
Record lien on title- as 1st lien holder
Can a HOA force a homeowner into a short sale if the homeowner is current on mortgage?
No. Your use of terminology is incorrect. A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the amount owed on a secured lien and the lien holder agrees to accept less and release the lien.The HOA is not in the position of a secured lien holder, i.e., a mortgagee. It would need to obtain a judgment lien and then take the legal steps necessary to take possession of the property if the lien isn't paid. If the mortgage is current. it would take possession subject to the mortgage.You should seek legal advice.No. Your use of terminology is incorrect. A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the amount owed on a secured lien and the lien holder agrees to accept less and release the lien.The HOA is not in the position of a secured lien holder, i.e., a mortgagee. It would need to obtain a judgment lien and then take the legal steps necessary to take possession of the property if the lien isn't paid. If the mortgage is current. it would take possession subject to the mortgage.You should seek legal advice.No. Your use of terminology is incorrect. A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the amount owed on a secured lien and the lien holder agrees to accept less and release the lien.The HOA is not in the position of a secured lien holder, i.e., a mortgagee. It would need to obtain a judgment lien and then take the legal steps necessary to take possession of the property if the lien isn't paid. If the mortgage is current. it would take possession subject to the mortgage.You should seek legal advice.No. Your use of terminology is incorrect. A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the amount owed on a secured lien and the lien holder agrees to accept less and release the lien.The HOA is not in the position of a secured lien holder, i.e., a mortgagee. It would need to obtain a judgment lien and then take the legal steps necessary to take possession of the property if the lien isn't paid. If the mortgage is current. it would take possession subject to the mortgage.You should seek legal advice.
Can a lien holder turn the lien over anyone els?
Yes they can ... it is selling collateral for capitol
Can a private contractor place a lien on someones property even if no written contract exists?
Yes. A licensed contractor could claim a lien under the legal doctrine of quantum meruit. However, the lien will expire (in 8 mos. in WA) if not foreclosed. Your best option, if you are not selling or refinancing, is to do nothing.
Is it legal to sell a car and not disclse it has a lien on it?
You cant sell a car with a lien on it unless its over 10 years old and you sell it as scrap using a bill of sale. The lienholder keeps the title until it is paid in full and then you get the title. You still have to pay the loan off even if you sell it for scrap because you are actually selling something that doesnt belong to you. You can get in a lot of trouble doing this as it is considered theft.
What is an agricultural lien?
An agricultural lien is a statutory lien - legal claim - which protects the seller of farming equipment by giving the seller a lien on crops grown with the equipment.
What does non-enforceable lien mean?
In legal terms an enforceable lien means the obligated party can be forced or ordered to pay through a legal process. Unenforceable means the lien has no supporting law that makes it capable of being enforced. The lien is ineffective.
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.
What to do before a lien can be filed on a company's bank account?
You must go to court and, citing legal grounds, file a motion requesting a lien. After presenting your argument for a lien if the court agrees that you have a legal cause, it will then issue a lien order which you may serve on the company's bank.
Is buying and selling shares an investment?
lien marking for buying investment
