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A small loan company may use your title as collateral for the loan but the loan is relatively small. A bigger institution would not accept your vehicle as collateral because of the lien to another agency.
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If you live in the state of Georgia and there is a lien against your vehicle but no money is owed can they repossess the vehicle?
A lien means that money is owed on your vehicle. If there is no more money owed, then there is no longer a lien, and the vehicle cannot be repossessed.
How can I sell a vehicle in Texas that has a mechanic's lien?
Either pay off the lien and then sell the vehicle, or sell the vehicle and use the money to pay off the lien.
How much money do you get for a car lien?
Answer lien on car?i let someone borrow 1100.00. he doesn't own a home. and he has a cr with a loan on it. can i put a lien on the car??
Lien holder on your vehicle?
The lien holder is the person or firm, you borrowed the money from to purchase the car.
Can you keep a companies vehicle if you are owed money?
Only if you have a lien on that vehicle. Otherwise, it's theft.
Does this vehicle have a Lien on it?
Does this vehicle have a Lien on it?
Can your mother put a lien on your vehicle?
If you owe her money and she can prove it, yes.
Can you put a second lien on a vehicle in Indiana?
If I sold a vehicle and the bank did not give me the whole amount owed towards the vehicle or the person buying the vehicle did not pay the remainder of the money can I put a second lien on the vehicle I live in Indiana
How do i sell a wrecked car i still owe money on?
You cannot sell a car you have a loan on if the lender has a lien on the vehicle. You will need permission from the lien holder to sell the car. If the lender has no lien on the vehicle then you can sell it if you wish. The title will list any lien holder.
How do you receive a vehicle title that still has a lien?
You can't. If a vehicle has a lien on it the lien holder is the owner of record of the vehicle.
Can lien be placed on a mobile home by the community where it is parked if money is owed to that community?
Yes, it is a form of or similar to a mechanic's lien. Any money owed as a result of any service performed on or for a vehicle (and a mobile home is a vehicle with a VIN--look at the frame underneath), a lien may be placed on it.
How much can a vehicle be sold for once a lien has been secured?
If you have a lien on your vehicle, you can sell it for any amount. The vehicle is still subject to the lien which means that the purchaser can lose the vehicle if the lien holder collects on it.
