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The only way a person can obtain a lien on a home is for the homeowner to agree to the lien in writing or the lender must sue the homeowner in court for non-payment of the car loan. If they win they can request a judgment lien from the court and that lien can be recorded in the land records. The property cannot be sold or mortgaged until the lien is paid off.
The only way a person can obtain a lien on a home is for the homeowner to agree to the lien in writing or the lender must sue the homeowner in court for non-payment of the car loan. If they win they can request a judgment lien from the court and that lien can be recorded in the land records. The property cannot be sold or mortgaged until the lien is paid off.
The only way a person can obtain a lien on a home is for the homeowner to agree to the lien in writing or the lender must sue the homeowner in court for non-payment of the car loan. If they win they can request a judgment lien from the court and that lien can be recorded in the land records. The property cannot be sold or mortgaged until the lien is paid off.
The only way a person can obtain a lien on a home is for the homeowner to agree to the lien in writing or the lender must sue the homeowner in court for non-payment of the car loan. If they win they can request a judgment lien from the court and that lien can be recorded in the land records. The property cannot be sold or mortgaged until the lien is paid off.
What else can I help you with?
What does a lien on your car title mean?
you owe somebody money and your car was used as collateral
What is a cross collateral lien?
A cross collateral lien is a loan where one piece of collateral secures more than one loan. An example would be a car that is paid off being collateral on 2 separate personal, cash loans.
Can a loan company put a lien on your car if its not paid off?
If the vehicle was put as collateral for the loan, there already is a lien on it.
Can a debt collector put a lien on your car if it is registered to your spouse?
No, if it is your debt only and your name is not on the car. Unless you used the car for collateral for a loan, they can't put a "lien" on it anyway.
If you can't afford car payments anymore will they put a lien your my house?
Don't think so , unless you used your house for collateral when you bought the car. Generally they will repo (take it) it and you may be responsible for the remaining balance that is owed.
Can you sell a car that you used a collateral?
No. If you use a vehicle as collateral on a loan or something of that nature, the car actually becomes property of the lien holder (person to which is holding it as collateral), and cannot be sold unless the loan is cleared up.
How would you put a lien on a car from out of state?
How to put a lien on a car in Arizona when I live in Washington state
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.
Can you put a lien on a car if there is no lienholder on the title?
If the car is put up as collateral for a loan, and that loan is not repaid according to the written agreement then a lien will be placed on the title. If you sell the vehicle the lien holder will be paid first before you are able to put any money into your pocket. Never use your car as collateral for any loans ... cars lose their values and soon enough the lien (loan) will be more than the car is worth. The lien still has to be paid off when it's sold, even if the lien amount exceeds the price the car is sold for.
Can you sell your car if it is being used in a cross collateral loan?
No, it has a lien on it. You cannot sell it without permission from the lender.
Can a title loan company put a lien on your car without you signing the title?
Hell no!!!The above answer is wrong:A lien is just a legal way to insure you can not sell your car without settling you debts. A lien can be filed against any "real" property that you used as collateral like a title loan or any real thing a tradesman worked on. Like a Car or RV or House if they repaired the roof or something.
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.
