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The IRS to my knowlege will not/and is not able to put a lien against property that is not outright owned by the person. If the bank holds the title, it is not the person's property yet and is not subject to an IRS Lien. If the vehicle gets paid off, then at that time the IRS can put a lien against it The IRS tax lien attaches to all property, real and personal. However, the IRS has a number of things working against them: 1. The title to the car is being held by the bank. 2. The bank's security interest is perfected (they are listed as a lien holder on the title). Because of this, the bank is going to have priority on the vehicle even if the IRS filed a Federal Tax Lien before the bank gave the loan.

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โˆ™ 2008-01-17 17:48:36
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Q: Will the bank repossess a car with IRS tax liens on it?
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Related questions

Can my car be repossessed if I own it?

If there are no liens against your vehicle, there is nobody who has (or to have) ground to repossess it.


When can a bank repossess someones car?

As long as the bank is listed as the lienholder on the title and as long as you owe them money and haven't paid they can repossess the car.


When a bank repossess someones car?

As long as the bank is listed as the lienholder on the title and as long as you owe them money and haven't paid they can repossess the car.


When can a bank repossess someone car?

when he has a credit


If you have two car loans at one bank can the bank repossess both even?

Yes they can repossess everything that you got a loan for.


Can a bank repossess my car if I am making some sort of payment?

If you aren't paying in full they can repossess the car. To a bank " some sort of a payment " doesn't count. Call them and make arrangements.


Can a bank repossess a car who's registration is past due?

no


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YES, as long as the car is collateral for a loan, they can repo it.


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it is up to the bank to decide. Legally, as little as 1 cent.


Does the bank have to notify you before they repossess your car?

I have NO IDEA, WHY look here if there is NO ANSERS


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If the bank holds the loan, then yes. If the payments are stopped, the bank will repossess anyways.


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Yes it can. I have done it.


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Can a title company repossess your car if there is another lien for a larger amount against the vehicle?

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Can a bank repossess a car if taken to dealer for repair?

A dealer will never repossess, UNLESS they are also the financier. most dealerships sell the loan to a bank, whom you make payment to... this bank will be the "reposseser". Now, that's not to say that the bank will not notify local dealers to be on the lookout for a car they are actively chasing to repossess, but most of the time they will just come to your residence to serve the repo. I have never heard of a dealership doing so, because most banks have folks that can get your car by other means if they want it back bad enough.


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Your father died and had just bought a new vehicle what happens with this vehicle will the bank take it out of his estate?

The bank can repossess the car if payments are not made.


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BOTH


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Can the police repossess your car? Can the police repossess your car?


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The bank doesn't own the car. Unless you used it as an asset, or collateral for a loan from them, they should have no hold on that.


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