0
What else can I help you with?
Can you put a lien on a car if you have the title?
That would be counterproductive if the title you hold is in your name. If you are holding the title for someone else, a lien would only make a difference when they sell the car--and it has to meet certain criteria.AnswerNo. You cannot place a lien on your own property legally since there is no separation of title. A lien gives the lien holder a legal interest in the property of another. If you are holding property in your name for someone else, the title is in your name and you cannot place a lien against it.
Is a lien the same as a claim?
A lien is a claim against the value of property, such as a house or a car. The property cannot legally be sold or transferred without settling the lien.
What does is mean to have a lien on ones property and tenets?
A lien is a security interest in the property. A lien might arise from a loan. If you buy a car with the bank's money the bank will put a lien on the car. If you don't pay the bank back, it can foreclose on its lien and take the car from you. If you have a roofer add a new roof to your house, and you don't pay him, the laws allow the roofer to put a lien on your house. The roofer now has a stake in the house. If you don't pay off the lien your house can be forcibly put up for sale in order to satisfy the lien. I believe "property and tenets" translates into modern speak as "property and belongings".
How can you put a lien on a car that has been left on your property?
You should call an attorney for the law in your jurisdiction. In an hour's consultation the attorney could explain your options.
Can a lien be put on your car if the title is in your name but you owe money?
Yes, but only by a court order. You have to be notified of any court proceeding in which the plaintiff is seeking to place a lien on any property held by you, the debtor.
Can an individual place a lien on my car if it is paid for and I own it outright?
No. Only a court can issue a lien. You would need to sue the car owner in court for a debt and win a judgment. The court could then issue a judgment lien and the sheriff could seize the car to pay your debt. A judgment lien could also be used to take any other personal property to satisfy the lien and it could be recorded in the land records if the defendant owns real estate. In that case, the property could not be sold or mortgaged until the lien is paid.
Can creditors place a lien on a corporation or LLC companies?
car creditors put a lien on an LLC
Can citifinancial place a lien on your home for non payment of a personal loan when they have a your vehicle as collateral?
Yes, if you default on a personal loan with a vehicle as collateral, Citifinancial may place a lien on your home to secure the debt. This would allow them to pursue a foreclosure on your property if the debt remains unpaid. It's important to consult with a legal professional to fully understand your rights and options in this situation.
Can a person in Illinois file a property lien on a persons property in Tennessee for money owed?
Sure, but the creditor would have to place that lien on the debtor in Tennessee. It might even be necessary to file the lien in the county where the debtor lives, or where the property is (if it is different than the debtor's residence). Keep in mind that lenders do this all the time for automobiles; GMAC is headquartered in Detroit, Michigan, but if you live in New Mexico and borrow from them to purchase a car, the lien will be files in New Mexico not Michigan.
What is a non-consensual lien?
If you take out a loan from the bank and put your car up as collateral, this is a consensual lien. If you owe taxes and the IRS put a lien on your property or bank account, this is a non-consensual lien.
How long is a property lien for in New Mexico?
The lien stays with the property until it is paid. You cannot sell a car or a house, for instance, until the lien is paid and you have clear title. Usually the lien on a house is paid for at closing, either from the proceeds of the sale or money that you bring to the table.
Can a HOA's judgment be filed as lien against the property and at the same time seize assets such as a financed vehicle?
The law varies in different jurisdictions. Generally, a judgement lien followed by a levy on execution can be used to seize any property owned by the debtor that can be sold to pay the lien. The debtor should pay the lien as soon as possible in order to remove the lien from their property.The property would be held by the creditor subject to any prior liens against the property such as a car loan or mortgage. The property cannot be mortgaged, used as collateral or sold until the lien is paid.The law varies in different jurisdictions. Generally, a judgement lien followed by a levy on execution can be used to seize any property owned by the debtor that can be sold to pay the lien. The debtor should pay the lien as soon as possible in order to remove the lien from their property.The property would be held by the creditor subject to any prior liens against the property such as a car loan or mortgage. The property cannot be mortgaged, used as collateral or sold until the lien is paid.The law varies in different jurisdictions. Generally, a judgement lien followed by a levy on execution can be used to seize any property owned by the debtor that can be sold to pay the lien. The debtor should pay the lien as soon as possible in order to remove the lien from their property.The property would be held by the creditor subject to any prior liens against the property such as a car loan or mortgage. The property cannot be mortgaged, used as collateral or sold until the lien is paid.The law varies in different jurisdictions. Generally, a judgement lien followed by a levy on execution can be used to seize any property owned by the debtor that can be sold to pay the lien. The debtor should pay the lien as soon as possible in order to remove the lien from their property.The property would be held by the creditor subject to any prior liens against the property such as a car loan or mortgage. The property cannot be mortgaged, used as collateral or sold until the lien is paid.
